“By now it was the stage of preliminary and non-binding bids, the financial bids will follow,“ according to Ion Badea, administrative manager with Hidro Tarnita, established in 2013 to attract investors for this project.
The qualified consortiums are China Gezhouba Group Company Limited – Wu Lingpower Corporation Limited, China Huadian Engineering Co. LTD. – Guizhou Wujiang Hydropower Development Co. LTD and Huaneng Lancang River Hydropower Inc. – Hydrolancang International Energy Co. LTD.
The project of this hydropower plant was declared as of national strategic interest and included as a priority in Romania’s governing program and energy strategy.
Hidro Tarnita, which has been trying for several years to attract investors for the Tarnita-Lapustesti project, said last year that construction works are expected to start in the first half of 2016 and 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’s shareholding structure includes Complexul Energetic Oltenia, SAPE Electrica, Nuclearelectrica and Complexul Energetic Hunedoara, each holding a 25% stake.
(English version by Manuela Panescu)