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The largest electricity producer in Romania, Hidroelectrica, wants for the next year to start the tender and the actual construction of the Islaz hydropower plant, with an installed capacity of 28MW, an investment that will amount to over 300 million euros, the general manager said Thursday.
"Next year we want to start works on the construction of the Islaz hydropower plant. The plant will be on the Lower Olt and will have four reversible groups. Its construction could take four years. In spring we will start the auction. This project could cost about 316 million euros," said Mihai David, after signing the minutes of the 80th Romanian-Serbian joint commission for the Iron Gates hydroelectric plant. On 30 October, Premier Emil Boc asked the Minister of Economy, Adrian Videanu, that the auction procedures for the Islaz hydroelectric plant would not delay more than a week. "I do not want it to be delayed more than a week from now," said the Prime Minister in office, after learning from the General Manager of Hidroelectrica, Mihai David, that he was encountering obstacles at the Olt County Council and the Ministry of Environment in relation with the necessary approvals to start the investment.
"Until the auction we have two big problems: the approvals for spatial planning from the Olt County Council, because from Teleorman we have had them for long, and the approvals from the Ministry of Environment", Mihai David complained then. He said that it takes too long to receive an environmental permit.
Hidroelectrica is the largest producer of electricity and system technology services in Romania. The company is owned by the Romanian state, through the Ministry of Economy. The company has over 5,000 employees.
Hidroelectrica covered 26% of the country's electricity production last year and uses renewable sources. The company manages 326 hydroelectric plants and pumping plants, totalling an installed capacity of over 6,300 MW.

 

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