The company, which is 80% held by the government and 20% by Fondul Proprietatea, plans to invest in diversifying its energy production sources to add wind and solar power electricity production besides its hydropower capabilities.
Hidroelectrica is looking to invest in onshore and offshore wind parks, solar panel parks, biomass electricity production, hydrogen production and the development of e-mobility networks, the company said in its investment plan.
Hidroelectrica is currently awaiting shareholder approval to draw up and submit a binding bid for the Romanian assets of Czech energy group CEZ. The company is considering acquiring CEZ’s wind power capabilities in Romania either on its own or in consortium and will seek shareholder approval to contract a loan in view of the acquisition and has earmarked a budget of RON3.8 billion for equity acquisitions.