Sole bidder for EUR 146 mln hydropower plant refurbishment contract launched by Hidroelectrica - Romania-Insider.com
Sole bidder for EUR 146 mln hydropower plant refurbishment contract launched by Hidroelectrica | Romania Insider
Sole bidder for EUR 146 mln hydropower plant refurbishment contract launched by Hidroelectrica
Romania’s hydropower group Hidroelectrica has received only one offer, from a consortium led as a leader by Electromontaj, for the refurbishment of Vidraru hydropower development with an installed capacity of 220MW. The contract is estimated at EUR 146 mln, according to Profit.ro.
This is the fifth attempt to select a contractor organized by Hidroelectrica since 2016. The latest auction was organized in 2020 when the value of the contract was estimated at only EUR 87 mln.
The previous attempts failed because the bidders did not meet the requirements included in the tender book.
Electromontaj took over last year the company Hidroconstrucția, specialized in hydropower and hydro-technical works on the surface and underground.
The consortium also includes the Croatian company Koncar Engineering, specialized in energy and railway engineering works, as well as automation.
A subcontractor is the Romanian company Butan Group, which designs, manufactures, assemblies and commissions lifting installations.
(Photo source: Dreamstime.com)
Related Knowledge Center: ENERGY BASICS: hydropower
Hydropower — electricity generated by turbines capturing energy from moving water — was for many years the primary contributor of renewable energy to the U.S. electricity grid. Its growth was rapid into the 1970s, and since then has offered a stable supply of power, while a declining share of all generation. For many years, hydropower was seen as clean energy and an unalloyed good, but a greater understanding of the impact of dams on ecosystems and wildlife has led to the removal of some dams. As of 2019, hydropower trails wind as a renewable source of power generation.