BUSINESS

Hidroelectrica completes the first energy production group in a project worth EUR 500 M

State run company Hidroelectrica, currently experiencing insolvency, shall complete the first energy production group within an ampler project worth more than EUR 500 M, addressing the hydro-power development of Buzau river. “The construction (of an underground gallery having 16.5 km – editor note) means a significant stage in the implementation of the schedule regarding the accomplishment of the deadline for the operationalization of the first hydro-power group of 55 MW within the complex development project Siriu – Surduc – Nehoiasu, providing for a total investment of EUR 500 M”, based on a press release from Hidroe­lectrica. The hydropower exploitation works of the Buzau river started in 1984 with constructions on the Siriu lake.

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