Romania: Tarnita HPP tender extended to 30.1.2015, crowd or lack of investors?

, SEE Energy News

The management of hydropower project Tarniţa announced that they extended from 27 November 2014 to 30 January 2015, the deadline for submission of documents for participation in the prequalification stage and preliminary non-binding negotiation in the selection procedure for investors. The project is estimated at about one billion euros.

According to a press release the decision was made ​​as a result of increased investor interest in Tarn-Lăpuşteşti project and their application.

Tarniţa HPP is a strategic project for Romania, Romania is one of the few European countries that does not have a central pumping storage for Safety National Energy System (NES), although Romania have a very favourable location.

Impetuous development of renewable energy in recent years make the project a necessity Tarniţa SEN absolute safety, but also for the optimal use of these clean and cheap energy for the direct benefit of the final consumer by cheap energy storage periods and playing its excess production to consumers connected to the national grid during peak consumption and price

According to the release any other technology available in Romania is not able to achieve this temporal transfer of energy, which attracts operation arrhythmic, polluting, with increased wear and excessive costs for traditional producers of electricity (thermal, hydro) and the risk to NPS because of large fluctuations of production or consumption.