Romania's Hidroelectrica commissions micro HPP

The Poiana Rusca Micro HPP, which has a capacity of 0.2 MW, required an investment of 5.79 million lei ($1.24 million/1.16 million euro), of which 2.3 million lei was financed through the European Economic Area (EEA) and Norwegian Grants programme for the 2014 - 2021 period, marking the first project that Hidroelectrica develops using external co-financing, the company said in a press release on Thursday.

The micro HPP will generate 1.5 GWh of green energy annually using the water flow pushed downstream of the Poiana Rusca dam.

"The project was executed with the contribution of the two partners, Uzinsider General Contractor S.A. and the equipment manufacturer WWS Wasserkraft GmbH, according to the contract signed on January 26, 2023. Also, on August 10, 2023, the contract for the connection to the national energy system was signed with Comranado SRL," Hidroelectrica noted.

The Romanian state holds an 80.06% stake in Hidroelectrica, while the remainder is in free float on the Bucharest Stock Exchange, according to bourse data.

Hidroelectrica's shares traded 0.24% higher at 124.2 lei at 1057 CET on June 28 on the Bucharest bourse.

(1 euro = 4.9768 lei)