Romania’s Ministry of Economy, Ion Ariton, met on October 20 with the president of China Gezhouba Group International Engineering Co, Ren Jianguo.
Jianguo stated that the Chinese engineering company will be involved in building the Tarnita-Lapustesti pumped storage hydro power plant. The costs for this project are estimated to exceed EUR 1 billion and it is expected to be finalized by 2019-2020.
Ariton invited the Chinese contractor to look into the 15 percent stake offer in Hidroelectrica that will be up for sale in the next period.
China Gezhouba Group International Engineering Co was the main contractor of the Three Gorges Dam, the largest hydro power plant in the world. The company was also involved in 100 hydro power plant projects in China, and over 300 projects of infrastructure, ranging from highways to residential buildings.