Romania’s Govt. renews promises for 10% IPO at Hidroelectrica - Hydro Balkans
+44 207 394 30 90 (London)

Romania’s Govt. renews promises for 10% IPO at Hidroelectrica

Main » novosti » Romania’s Govt. renews promises for 10% IPO at…

Romania’s Government plans to launch an initial public offer (IPO) for the sale of a 10% stake in hydropower producer Hidroelectrica and a 15% stake in coal and power company CE Oltenia, according to the 2019-2022 Convergence Program, passed by the Government on May 8.

The offers would include the issuing of new shares by the two companies, the document states, according to local Agerpres. The document also points that the Energy Ministry continues the restructuring process to make the activity of CE Oltenia and National Uranium Company more efficient, as well as the reorganization of the Hunedoara Energy Complex.

Investors have long awaited Hidroelectrica’s IPO. After repeated delays, investment fund Fondul Proprietatea (FP), which holds a 20% stake in the company, indicated in 2017 that it was considering selling its stake in the hydropower producer. In September 2018, FP said that it had talks with “numerous interested parties” on a potential sale of its stake in Hidroelectrica.

Under the Government’s latest plans, Hidroelectrica would be included in an investment and development sovereign fund (FSDI), under a revised draft bill showed on March 8, this year. The opposition criticized the sovereign fund’s architecture claiming that it would allow the Government to sell stakes in key state companies under discretionary procedures.

Source: www.romania-insider.com

MORE:

EPCG to invest EUR 700 million to build new renewables capacities, upgrade other facilities

Author: Vladimir Berbatović Source: Balkan Green Energy News https://balkangreenenergynews.com/epcg-to-invest-eur-700-million-to-build-new-renewables-capacities-upgrade-other-facilities/ State power utility Elektroprivreda Crne Gore (ЕPCG) will invest a total of EUR 700 million to build new renewable energy capacities and upgrade its other power generation facilities to bring them into line with environmental standards, with the aim of reducing dependence on imports due to hydrologic conditions,…


EPS to invest EUR 4.6 billion by 2027, EUR 700 million to go into hydropower, renewables

Author: Vladimir Spasić Source: Balkan Green Energy News https://balkangreenenergynews.com/eps-to-invest-eur-4-6-billion-by-2027-eur-700-million-to-go-into-hydropower-renewables/ Public power utility Elektroprivreda Srbije (EPS) intends to invest EUR 4.6 billion from 2019 to 2027, of which EUR 1.6 billion in the modernization of existing and construction of new thermal power plants (TPPs) as well as environmental protection, EUR 1,3 billion in distribution projects, EUR 1 billion…


Romanian hydropower company spends EUR 80 mln to refurbish 350MW power plant

Romania’s state-owned hydropower company Hidroelectrica will totally refurbish its hydropower plant (CHE) Râu Mare – Retezat under a EUR 80 million project, financed from own funds. The plan’s capacity will increase to 350MW after the process, Economica.net reported. The company wants to make CHE Râu Mare – Retezat the country’s largest supplier of system services,…


HPP BUK BIJELA

In March 2019 Serbia and Republika Srpska (RS) intend to jointly build the hydropower plant (HPP) Buk Bijela. The installed capacity of more than 180 MW, will equally contribute

to the energy stability of Serbia and the RS. HPP Buk Bijela will be built about 11.6 kilometres upstream from Foča. It is planned to be equipped with three hydro generators with

a total capacity of 93 MW, with the expected average annual electricity generation at around 330 GWh. The project would require an investment of EUR 193 million. Elektroprivreda Srbije (EPS) is currently reviewing the project for HPPs Buk Bijela, to be followed by determining the pace of implementation.

OVERHAUL OF DJERDAP 1,2 HPPS

At the end of 2017, EP S announced its intention to overhaul 10 units of HPP Đerdap 2 over 10 years, to help ex tend the plant ’s lifespan and boost its capacity by 50 MW. EPS and Siloviye Mashiny are cooperating on the overhaul of HPP Đerdap 1. The overhaul began in 2009. In Jul y 2018, the t wo companies signed a contract on the modernization of the A2 and A3 units in or der to complete the revitalization of the entire HPP in 2021.

CONSTRUCTION OF 2 SMALL HYDROPOWER PLANTS

EPS (Serbian state-owned power utility) plans the construction of 2 small hydropower plants on existing dams – SHPP Celije and SHP P Rovni. The project is a part of the programme for reconstruction of SHPPs through the loan of EBRD. The programme encompasses the reconstruction of 15 SHP Ps with total installed capacity of 18 MW. The project also includes the supply of electrical and mechanical equipment and their installation. Once the tender documents are signed, the works will be completed within 62 weeks.