The company said in a press release it extended the deadline due to a large number of prospective investors. The initial deadline for pre-qualification bids was October 31.

Late September, the prefect of Cluj county announced three large international companies had submitted letters of intent.

The Tarnita-Lapustesti project is expected to cost around EUR1.3 billion and its construction is estimated to take five to seven years. When completed, the plant will be the largest hydroelectric load balancing system in Romania, with a total capacity of 1,000 megawatts.

Hidro Tarnita is owned by Electrica and CE Hunedoara, each with 50%.