Romania: Hidroelectrica’s investment in new HPP on the Danube, SEE Energy News
As part of Romania’s decarbonization strategy, Romanian electricity producer Hidroelectrica is planning to build a new hydropower plant on the Danube.
The facility in question is 380MW Macin Hydropower Complex, an investment worth some 2.9 bilion euros, which is included in the company’s development strategy by 2030.
Hidroelectrica’s CEO Bogdan Badea said that there has been a lot of talk about the famous Turnu Magurele-Nicopole investment. Still, for cross-border investments, the agreement of both partners is needed. Since negotiations were leading to nowhere, Hidroelectrica tried to capitalize on the exclusively Romanian hydropower potential.
The benefits of the Macin hydropower plant are multiple. Its location is exclusively on Romania’s territory of the river, and it will produce “green” renewable energy. At the same time, it will provide a predictable cooling water source for the reactors of nuclear power plant Cernavoda.