BUSINESS

Five companies file bids to develop Tarnita-Lapustesti PSHP

* The first pumped-storage hydropower plant requires an investment of approximately EUR 1 bln

According to a communiqué received from the Energy Ministry’s press bureau, on January 30 the ministry hosted the filing of preliminary non-committal bids for the Tarnita-Lapustesti pumped-storage hydropower plant (PSHP). Five potential investors showed up for this first stage, the documents filed by them being set to be verified in the following period, in line with the selection procedure.

“The fact that, after many delays, we are taking an important step in what concerns the Tarnita-Lapustesti investment project gives a positive signal to those who want to invest in energy. Romania has a great need for capital to be channeled toward the national energy system in the following years. The interest shown by investors both for well-known companies as well as for new projects can only inspire optimism. We want to build up step-by-step our position as important players on the regional energy market, each move being a strategic move in this context,” Energy, SMEs and Business Environment Minister Andrei Gerea stated.

The construction of the Tarnita-Lapustesti PSHP entails a greenfield investment estimated at approximately EUR 1 bln.

 

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