about us | newsletter | contact | archive | members area
Nicolae Ghibu, Certsign
Regulations will come gradually and will cover all areas»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Tarnita-Lapustesti hydro power plant kicks off today

The green field investment worth near 1 billion Euro for a hydro power plant to be developed at Tarnita-Lapustesti has been announced to start. The facility is estimated to generate 1.000 MW.

2014-08-08 13:21:57

Located at 30 km from Cluj-Napoca, in western Romania, Tarnita-Lapustesti PSHPP is an objective of national interest, considering the essential role that it will have in the participation to the necessary frequency-power ratio, upon the commissioning of the 3 and 4 CNE Cernavoda groups, during 2015-2017. Currently, in the world, 600 power plants with accumulation through pumping are operated, while 60 more are being either built or designed.

The project will be developed in two stages and it is estimated to last 5 to 7 years.

In this context, the construction of hydroelectric pumped storage pumping Tarnita-Lapustesti a priority to short and medium-term strategy for development of the Romanian energy sector in the period 2007-2020, approved by Government Decision no. 1069/2007. In 2014, the Government of Romania approved the investment needed for the pumped storage hydropower plant (PSHPP) Tarnita-Lapuste┼čti through the company Hidro Tarnita, who will participate in the capital of energy companies, with capital wholly or majority owned by the state, namely Complexul Energetic Hunedoara SA, Sape SA, Nuclearelectrica SA and Complexul Energetic Oltenia SA and selected investors in accordance with the legal provisions relating to the establishment of joint ventures by the Memorandum, according to the project official site.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2666 Views
Daily Info
The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total...

OTP Bank Romania posts 15 million Euro profit at the end of Q3 2018

OTP Bank Romania recorded a consolidated after-tax profit of 15.09 million Euro, in the first nine months of the year, almost twice as much as in the base period.

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmi...

Almost 90 per cent of industrial and logistics stock is condensed in cities with highway access, says C&W Echinox

Romania's industrial and logistics market is currently benefitting from its best period in history, both in terms of supply and demand, with development being condensed in a n...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Tran...

Corina Popescu is the new CEO of Electrica

The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catali...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. To...

MOL Group posts 835 million USD profit for the first nine months of 2018

MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the...