Romania seeks private partner for Tarnita-Lapustesti pumped hydro power station
» Romania seeks private partner for…
Romania’s Forecast and Strategy Committee (CNSP) published a study for the development under Public Private Partnership (PPP) of the controversial pumped hydropower plant Tarnita-Lapustesti, local Adevarul reported.
It is the first step of a procedure that CNSP will undergo to find a private partner for the project. With an estimated capacity of 1,000MW, the reversible hydropower plant involves investments estimated at EUR 1 billion.
Independent analysts and investment fund Fondul Proprietatea, owner of 20% in Hidroelectrica and a shareholder in other energy companies in the country, have criticized the project on profitability grounds. Nonetheless, the project has been advocated by part of the private analysts, particularly for the balancing services it could provide in the context of the rising share of the volatile wind and solar power capacities in the country’s production mix.
“By building the two new nuclear groups and maintaining an increasing trend of production capacities from intermittent renewable sources, the construction of a large capacity pumping storage is mandatory for the stability of the power system,” CNSP representatives argued, citing the National Energy Strategy 2018 – 2030, a document that remained only in the project stage.
IFC, North Macedonia to study hydro plant value
World Bank Group member IFC is to assess the value of a planned hydropower plant in Macedonia as part of an agreement recently signed with the Government of North Macedonia. The preliminary assessment on the Cebren project will assess the hydro plants value to the country and the region, including how it will help North…
Montenegro approves 33 mln euro loan guarantee for HPP Perucica overhaul
PODGORICA (Montenegro), August 2 (SeeNews) – Montenegro’s government has decided to issue a 33 million euro ($36.6 million) loan guarantee in a project for the overhaul of the 307 MW hydropower plant (HPP) Perucica, it said on Friday. The guarantee will cover a 33 million euro loan to be extended by German development bank KfW…
China’s AVIC offers to finance, build HPP Buk Bijela, 4 small hydropower plants
China National Aero-Technology International Engineering Corporation (AVIC) has expressed interest in the construction of three large hydropower plants (HPPs) – Buk Bijela, Foča, and Paunci – and four small hydropower plants (SHPPs), the Ministry of Energy and Mining said on its website. Energy and Mining Minister Petar Đokic met with potential partners from China –…