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CSRD

green energy

investment

waste management

mobility

carbon emissions

interviews

Energy

Hidroelectrica signs contract to modernize Vidraru Hydropower Plant

Green Forum

9 July, 2024 at 4:00 PM

Hidroelectrica signed the contract for the modernization of the Vidraru Hydropower Plant, a project of strategic importance for the National Energy System (SEN), an investment of around 188 million euros.

The contract was won by the association formed by Electromontaj, Koncar – Engineering Co. Ltd. and Butan Group.

The Vidraru Hydropower Development is one of the most important and strategic investments in energy infrastructure in Romania.

The Vidraru Hydropower Plant, inaugurated on December 9, 1966, harnesses the hydropower potential of a 28 km stretch of the Argeș River, boasting an installed capacity of 220 MW and contributing approximately 400 GWh annually to electricity production. At its inauguration, the Vidraru Dam ranked as the fifth largest in Europe and the ninth largest in the world.

Hidroelectrica operates 187 plants with a total hydropower capacity of 6.3 GW and also owns a wind farm in Crucea with an installed capacity of 108 MW.

Hidroelectrica upgrades Vaduri, Remeți, and Arcești plants

Hidroelectrica has signed contracts with the Hidroserv and UCMH consortium to modernize the Vaduri, Remeți, and Arcești hydroelectric plants.

Business

Hidroelectrica's net profit falls 32% in the first half of 2024

Hidroelectrica Group experienced a decline in operational and financial performance during the first half of 2024 compared to the same period in 2023.

Business

Hidroelectrica signs Vidraru Refurbishment contract

The refurbishment works are scheduled to be completed within 84 months.

Energy

Hidroelectrica inaugurates its first investment project with external financing

Hidroelectrica has inaugurated the Microcentrala (MHC) Poiana Ruscă, marking the completion of its first investment project with external financing.

Energy

Hidroelectrica signs with Masdar for major investments in renewable energy

Hidroelectrica announced that it has signed an extension of the collaboration agreement with Masdar to develop onshore and floating photovoltaic solar projects,

Energy

Romania's Hidroelectrica plans to expand renewable energy capacity

The overarching goal is for Hidroelectrica to emerge as a leading force and pivotal player in Romania's energy transition.

Environment

EC publishes plan to reduce GHG emissions by 90% by 2040 compared to 1990

The European Commission published a detailed impact assessment on possible ways to achieve the agreed goal of making the European Union climate neutral by 2050.