State-owned Hidroelectrica submits letter of intent for CEZ assets in Romania - 4th Annual International Summit and Exhibition: Hydropower Balkans
+44 207 394 30 90 (London)

State-owned Hidroelectrica submits letter of intent for CEZ assets in Romania

Main » novosti » State-owned Hidroelectrica submits letter of…

Romania’s largest power producer Hidroelectrica, 80%-controlled by the state, has submitted a non-binding letter of intent for purchasing the assets of Czech utility group CEZ in Romania, Hidroelectrica CEO Bogdan Badea confirmed at an energy conference, according to Economica.net.

The interest for the assets is high, CEZ speakesperson Ladislav Kriz said quoted by Profit.ro.

CEZ announced in August its decision to sell the assets in Romania, which include an electricity distribution subsidiary, an electricity supply subsidiary that has 1.4 million customers, a 600MW wind farm in Dobrogea – the biggest in Romania, and four micro hydropower plants in South-Western Romania with an installed capacity of 22 MW.

The final deadline for submitting non-binding offers is the end of November, he detailed, evaluating the deadline as “a bit tight”.

CEZ will begin the process of selling its assets in Romania in October and wants the transfer to be finalized or close to completion in 2022, company officials confirmed for local news agency Agerpres on September 9.

“Market testing (the process currently taking place) precedes the invitation to receive non-binding offers, which is a preliminary phase for the asset sale process. After the market testing, we will evaluate the interest expressed, and we will officially begin the process of selling the assets in October,” the company’s officials explained in early September.

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,…