“The project comprises the rehabilitation of the 6 existing hydropower units at Stejaru hydropower plant, with a total installed capacity of 210 MW,” according to a news release by the European Bank for Reconstruction and Development, or EBRD, which will contribute EUR110 million to the project.
The Stejaru plant, on river Bistrita, has been in use for 50 years now, and the upgrades will extend its life cycle by at least 30 years.
State-owned Hidroelectrica is Romania’s largest electricity producer.
The company produced 19.7 TWh of electricity in 2010, 27% more than 15.5 TWh in 2009. For this year, output is seen at 15.5 TWh.