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Bucharest
October 24, 2021
BUSINESS

Racovita Hydroelectric Power Plant inaugurated

Racovita Hydroelectric Power Plant was inaugurated yesterday in Sibiu County. Construction work was started before 1989 and a total of EUR 160 million was invested in the plant, according to Mediafax. Prime Minister Victor Ponta and Constantin Nita, Minister Delegate for Energy also attended the opening ceremony. The power plant will be operational as of early 2014, after a trial period. “The inauguration of this hydroelectric power plant is a very good sign both for Hidroelectrica and the Romanian industry. It’s good that Romanian technology is being used (editor’s note – the equipment installed at CHE Racovita was produced in Romania). I remember a time when we, Romanians, were a role model for many continents. Hidroelectrica is a company we hope will be listed on the London Stock Exchange next year, as was the case with Romgaz this year. It would be the second listed Romanian company, which is not a small thing,” he said, adding he hopes listing Hidroelectrica on the stock exchange will be successful and that the company, “through its enormous market share, will be able to provide low energy prices, competitiveness, and environmental protection.” Ponta urged Hidroelectrica officials “to go beyond the limits of our country” and help Romania export energy in 2014.

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