The hydro-plant will be developed by firm Water Energy Systems, owned by Maria Soreanu.
State-own hydropower producer Hidroelectrica operates a 210 MW hydro-plant on the Izvorul Muntelui lake.
Romanian state-run power grid operator Transelectrica (TEL.RO) has authorized the construction of a 300 MW hydropower plant on artificial lake Izvorul Muntelui in Neamt county.