Hidroelectrica invests in a hydro power plant on Siret river

The state-owned energy company Hidroelectrica starts construction at Cosmesti hydro power plant. Hidroelectrica announced that will invest from its own financial sources about EUR 147 million (RON 618 million) for this project.

The Cosmesti project will consist of a concrete barrage 21.5 meters high, a hydro power plant of 37.8 MW, digs on the two shores and a 110 kv electric line.

According to Hidroelectrica information, the power plant will generate some 130.1 GWh/year. The works started today and are estimated to be finalized in three and a half years.

This summer the heavy rain lead to massive floods from Siret river leaving hundreds of Romanians with no houses.

Read more about

Gebrüder Weiss: 30 Years in Romania, EUR 90 million investments, 9 logistics hubs, EUR 94 million revenues in 2023

read more

Dana Ciuraru