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Bucharest
May 8, 2021
BUSINESS

Gov’t grant for construction of micro hydropower plant

The Minister of Economy, Commerce and Business Environment, Daniel Chitoiu yesterday signed two non-reimbursable financing contracts for the construction of a micro hydropower plant in the Arges County and a cogeneration plant for Prefab SA, with both projects being worth RON 150 M in total, Mediafax reports. The beneficiary of the first project – ‘Low-power hydro plant in the basin of the Braita River’ – is Construct ECI Company 2000. The project, submitted in 2010, amounts to a total value of RON 125.8 M, of which the maximum sum eligible for non-reimbursable financing provided from public money is RON 52.56 M (60 pc of the total eligible value of the project). The micro hydropower plant will have a nominal power of 5.1 MW and will provide electricity to some 23,000 end users.

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