According to estimations, the future hydropower plant will have a total installed power of around 400 MW, contributing to Romania’s energy security and reducing dependency on imports.
The project also targets the economic development of Turnu-Magurele region, by creating new jobs and by investments in infrastructure upgrades.
According to the memorandum, the project company will have to attract financing to carry out the feasibility study, as well as investors for the project.
The project company will ask the EU to include the construction of Turnu-Magurele – Nicopole hydropower plant on the list of European Projects of Common Interest for the Danube Region Strategy.