‘While Hidroelectrica made a 30-40 million euro investment in 2003, it has constantly made investments of over 300 million euros starting with 2005. It is the duty of any government to have a keen interest in hydropower, particularly that Romania as an European country has only 50 percent of its hydro energetic potential developed,’ said Traian Oprea underlining that for almost four-five years now he had brought this situation to the Romanian Government attention, trying to finalize the investments for certain hydropower objectives.
‘The shareholder must decide,’ the deputy general manager explained, estimating that they might resort to partnership-based concessions. ‘There are eight larger hydropower works, on the Olt, Siret, Siriu, Strei rivers. This public-private partnership will probably be the best solution as there are many parties interested in power investments,’ Oprea said. He also underscored that there was an ‘explosion’ of renewable energy investments worldwide, which Romania needed to keep up the pace with.
Hidroelectrica is one of the electric power and system technical services producers in Romania. Last year, the company covered 26 percent of the nation’s power production and it uses water as renewable energy source. The company is owned by the Romanian state, through the Economy Ministry and has over 5,000 employees. At present, the company manages 326 hydroelectric plants and pumping stations, amounting to more than 6,300 MW installed power.