Romanian utility sells 14 small hydropower projects

Romania Map

Romania's Hidroelectrica has sold 14 micro hydropower projects in an effort to consolidate its operations, the state-owned utility has reported.

The sale, worth about US$13.9 million, will see four plants go to Italy's Basikdue SpA, while Romania's Mineral Oil SRL has acquired three and Three Pharm SRL the remainder.

The plants are spread around Romania along the Crisul Repede River and have a cumulative installed capacity of 9.4 MW. Each qualifies for certification under Romania's renewable energy support scheme.

Hidroelectrica said it is working to sell its remaining small hydropower fleet by the end of 2013, with the next lot likely to take place in September.

HydroWorld.com reported in February that the company had reopened bids for the rehabilitation of the 210-MW Stejaru hydropower plant.

For more small hydropower news, visit here.

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