OVER 10 INVESTORS INTERESTED TO BUILD HYDRO PLANTS AT TARNITA LAPUSTESTI, ROMANIA

Hidroelectrica: over 10 investors interested to build hydro plants at Tarnita Lapustesti The hydro plant at Tarnita Lapustesti, an over 1 billion euro investment will be finished in 2019 according to the Economy ministry. By January 2012, the ministry will seek investors willing to sign a public- private partnership with the Romanian state. Hidroelectrica will hold 51% of the shares and the private investor will contribute by up to 49% of the social capital through direct financing. Currently, there are 10 investors interested in the project, Hidroelectrica representative Razvan Cojoc said.

According to the new Law 220 that is scheduled to come in force in July 2011, producers of electricity from new Hydro powerplants will receive 2? green certificates for each MW generated and delivered to the grid. 

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