Chinese firms eye Romanian power deal
Print Edition
THREE Chinese consortia are bidding to build a hydroelectric dam in Romania worth an estimated 1 billion euros (US$1.1 billion), Hidro Tarnita, the company overseeing the project, said yesterday.
China Gezhouba Group, China Huadian Engineering and Huaneng Lancang River Hydropower have formed consortia with a view to building the dam on the Somes River in the northeast of the country.
They are the only bidders in a project for which Bucharest has sought investors for several years.
“The Tarnita-Lapustesti hydro-electric power station is a strategic project of national interest, (and) an investment in Romania’s energy security,” said Hidro Tarnita director Ovidiu Demetrescu.
The company said the project will create about 4,000 jobs.
Romania has signed several energy deals with China since 2013.
China General Nuclear Power Corp built two nuclear reactors for an estimated 6.4 billion euros, while Huadian Engineering has signed a deal to build a thermo-electric power station worth about 1 billion euros.
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