Romania hydro development company Rott Energy s.r.l. seeks investment partners to develop a portfolio of 25 small hydropower projects in Romania totaling 40 MW.
Rott said it is working with consultant Price Waterhouse Coopers to obtain European Union (EU) funding for two of the projects, of 1.7 MW and 2 MW, for which it already holds building permits. As an EU member, Romania is obligated to attempt to supply a minimum of 35 percent of its electricity from renewable energy sources by 2015 and 38 percent by 2020.
Rott provided information on one of the two projects, a 1.7-MW plant to be built at Alba, Romania. It would feature two powerhouses, each containing a Pelton turbine. It would have estimated annual generation of 8,035 megawatt-hours and an estimated investment of 3.2 million euros (US$4.6 million).
Rott said its shareholders have wide experience in the Romania business environment, but little experience in hydropower. Since construction is due to begin soon on its first two plants, General Manager Octavian Manastireanu said Rott seeks an investment partner with experience in hydropower and development funding. Rott proposes to assign 50 percent to 100 percent of each project to the investment partner.
For information, contact General Manager Octavian Manastireanu, Rott Energy s.r.l., Bd. 21 Dec. 1989, No. 104, 7th Floor, Maestro Business Center, 400124 Cluj-Napoca, Romania; (40) 264-412510; Mobile: (40) 744-601659; Fax: (40) 264-403588; E-mail: firstname.lastname@example.org, email@example.com.
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