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May 22, 2022
BUSINESS

Bulgaria, Romania to jointly build hydroelectric plants

The Romanian and Bulgarian Economy Ministers have talked on Monday in Bucharest about the construction of two large hydroelectric complexes on the Danube, Novinite informs, being quoted by hotnews.ro.

After meeting his Romanian counterpart, Bulgarian Economy Minister Traicho Traikov announced that the two governments will sign a memorandum in September 2011 in order to prepare these projects. The two energy complexes will be located between Nikopol and Turnu Magurele and between Silistra and Calarasi respectively.

According to the Bulgarian Economy Minister, these hydroelectric complexes “will produce a total of more than 3,800 GWh per year,” will improve transport links and bilateral trade. Romanian Economy Minister Ion Ariton stated that public-private partnerships will be used for these projects. The Minister did not point out the projects’ estimated value.

Bulgarian Economy Minister Traicho Traikov met his Romanian counterpart Ion Ariton in Bucharest on Monday. The two talked about the two hydroelectric projects that have a significant economic potential, the Sofia News Agency writes.

According to the Bulgarian Economy Minister, the two hydroelectric plants could produce a total of 3,800 GWh per year, will improve transport links and bilateral trade.

Bulgaria and Romania have been mulling the construction of jointly-operated hydroelectric plants on the Danube for a long time, as well as that of several bridges apart from the already existing bridge at Giurgiu-Ruse and the one being constructed at Calafat-Vidin. The possibility of combining the bridge projects with the hydroelectric projects was discussed at one point, Reali­ta­tea.net informs. It is not yet clear whether the announcement made after Monday’s me­eting can be considered a sign that the two countries will build two more bridges at Turnu-Nikopole and Calarasi-Silistra, the Sofia News Agency informs. The Romanian Eco­nomy Ministry announced after the meeting that the two officials listed “the bilateral trade’s development and outlook” and “ap­preciated the sustained rhythm of economic cooperation taking place at both bilateral level and at the institutionalized level of international organizations and regional initiatives.”

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