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October 4, 2022

EUR 75 M for Stejaru hydro power plant tech upgrade

Hidroelectrica launches the international public tender bid for the technical upgrade project for Stejaru (Dimitrie Leonida) hydro power plant, whose water supply is provided by Izvorul Muntelui Lake – Bicaz Dam, Neamt County, reveals a release from the company. The estimated figure for the project is EUR 75 million and will stretch over seven years since signing the contract. The contract aims for a technological upgrade of the six hydro-aggregates which yield a combined power of 210 MW.
On May 16, Hidroelectrica sent to the National Authority for Regulation and Monitoring of Public Acquisitions (ANRMAP) the papers for the bidding for the technological upgrade process of Stejaru hydro power plant. By using the volume of the reservoir Izvorul Muntelui, about 1.23 billion cubic metres of water (the second reservoir in Romania after Portile de Fier I which have 2.5 billion cubic metres), Stejaru power plant adds an average of 435 GW/h per year. Hidroelectrica expects that the bidding should conclude by late October 2014 and to sign the contract for technological upgrade for the first high power plant in Romania. “…We have negotiated with the World Bank a EUR 200 million credit we aim to allocate for the technological upgrade of Vidraru, Mariselu and Raul Mare Retezat hydro power plants with over 700 MW installed power, whose lifetime was exceeded. We are waiting for the Ministry of Finance to release the guarantee letters so that this funding should be effective,” said Remus Borza, legal administrator of Hidroelectrica.

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