Construction of new Romanian privately owned hydroelectric plant at Izvorul Muntelui approved
The National Electricity Grid company Transelectrica has approved the construction of a 300 MW hydroelectric power plant at Izvorul Muntelui, county Neamt, by the Bucharest-based company Water Energy Systems.
There is already another hydroelectric plant at Izvorul Muntelui, the 210 MW Bicaz-Stejaru plant, owned by the state company Hidroelectrica, which is currently embroiled in insolvency proceedings. Water Energy Systems Company is owned by an individual, Maria Soreanu.
Transelectrica was established as a result of the separation of the former National Electricity Company (CONEL) into four independent entities: Transelectrica, Electrica, Hidroelectrica and Termoelectrica – for transporting and dispatching, distribution and electricity production.
Date: November 7, 2012
SOURCE: ROMANIA-INSIDER.COM
►READ THE COMPLETE ARTICLE:
http://www.romania-insider.com/construction-of-new-romanian-privately-owned-hydroelectric-plant-at-izvorul-muntelui-approved/68746/
