“The development (of an underground gallery stretching onto 16.5 kilometers, e.n.) is a significant step towards slating into service the first hydropower production group of 55 megawatts within a project targeting the complex Siriu-Surduc-Nehoiasu hydropower development, following investments of over EUR500 million,” Hidroelectrica said in a press statement.
Hidroelectrica’s hydropower exploitation works on the Buzau River set off in 1984 and they first targeted the Siriu Lake.
Hidrolectrica, Romania’s largest power producer, has filed for insolvency earlier this year and is currently undergoing reorganization.
Hidroelectrica has been seriously affected by the drought over the past two years, which led to a low electricity production and losses of 30 million lei (EUR6.67 million) in the first half of 2012. (EUR1=RON4.4939)