hidroelectrica

Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project Read More »

Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project

Romanian state-owned electricity producer Hidroelectrica has allocated approximately €20 million (excluding VAT) for advancing the Pascani hydropower plant (HPP) project on the Siret River. The investment focuses on acquiring and installing hydromechanical systems for four gates of the spillway dam. The contract encompasses a full turnkey solution, including design services, construction work, as well as […]

Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025 Read More »

Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025

Romanian electricity producer Hidroelectrica is set to complete the long-awaited Rastolita hydropower plant in Mures County by the end of 2025, following government approval to clear over 30 hectares of forest to finalize construction. Energy Minister Sebastian Burduja confirmed that the plant is 89% complete, with more than 144 million euros already invested in the

Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast Read More »

Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast

The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica to shareholders, sent the company’s shares down by 2.55%.  The revision was prompted by a change in the electricity price outlook, only partly compensated by the higher production forecast.  Total operating revenues are rectified

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