The project is worth over EUR1.1 billion.
“For starters, the project company will be made up of state-owned power producers. Following capital increase, foreign investors will control a majority stake in the company,” official sources told Mediafax Tuesday.
Hydropower producer Hidroelectrica, nuclear power company Nuclearelectrica and energy producers CE Oltenia and CE Hunedoara are Romania’s largest power producers.
Romanian authorities signed Monday a comfort letter for the hydropower plant with China’s Sinohydro Corporation.
The two countries also signed preliminary cooperation agreements to construct a thermoelectric power plant in Rovinari and upgrade two units of a thermoelectric power plant in Deva.