Romania seeks consultants to advance 1,000-MW Tarnita-Laputesti

Romania utility SC Hidroelectrica SA seeks bids from consultants to help select investors and establish a development company for the 1,000-MW Tarnita-Laputesti pumped-storage project on Romania’s Somes River. Bids are due August 3, 2009.

Tarnita-Laputesti is proposed for Cluj County, utilizing the existing dam of the 45-MW Tarnita hydroelectric project for its lower reservoir. An upper reservoir is to be built at Laputesti. The project is to include four 250-MW pump-turbines in an underground powerhouse, a substation, and transmission lines connecting with the national grid.

The project is expected to require an investment of 1.164 billion euros (US$1.617 billion). Hidroelectrica, operator of 276 hydroelectric projects totaling 6,374 MW, proposes establishing a project development company of which it would hold a majority, while strategic investors would own the remainder. (HydroWorld 6/30/08)

The utility seeks consultants to assist in the process of selecting investors and setting up the commercial company for building the project. The chosen consultant is to assess participation documents and potential investors’ bids, provide technical assistance for negotiations, analyze the Romanian electricity market and feasibility of the project, and assist in structuring the development company. The work is expected to require 18 months at an estimated cost of 4.98 million euros (US$6.9 million).

A feasibility study of the project was completed in 2007 by a consortium of IPA Water + Energy Consulting, Verbund, and Poyry Energy with funding from the World Bank.

Tender documents may be obtained from the Hidroelectrica Internet site at www.hidroelectrica.ro. Clarifications may be requested until 3 p.m. July 29 by fax.

Bids in Romanian and English are due by 10 a.m. August 3 to the address below. For information, contact Razvan Cojoc, SC Hidroelectrica SA, Str. Constantin Nacu 3, Sector 2, Bucharest 020995 Romania; (40) 21-3032541; Fax: (40) 21-3032573; E-mail: razvan.cojoc@hidroelectrica.ro; Internet: www.hidroelectrica.ro.

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