Acasă » Oil&Gas » Consumers » Demetrescu: IFIs interested in Hidro Tarniţa, in May we’ll know who prequalifies

Demetrescu: IFIs interested in Hidro Tarniţa, in May we’ll know who prequalifies

27 March 2015
Bogdan Tudorache


International financial institutions (IFIs) like the World Bank, International Finance Corp. (IFC), European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the International Bank for Reconstruction and Development (IBRD) could participate with capital contribution on equity component in the hydro-pumping project from Tarniţa, told Ovidiu Demetrescu, general manager of the HidroTraniţa project.

“There is interest from international financial institutions, they always relate to large projects, a key point is to understand the financial arrangement and state involvement in the project”, says Demetrescu, explaining that equity participation type is a maximum of 30-40% of a project at this level.

Also, the final analysis of the pre-qualification tender could be completed in May. “We are still undergoing with the pre-qualification tender for investors … there are five consortia, probably this stage will be completed in May”, said Demetrescu.

He noted that Tarniţa project is essential to ensure the balance of the national energy system and is not depending of Cernavodă nuclear project 3 and 4.

“Major imbalances in the system are given by green sources today. California has instituted a law that says that for every 6 MW of renewable there is need for 1 MW of storage. Germany develops storage projects in countries with favorable relief: Austria, Switzerland and Norway”, said Demetrescu.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

Leave a Reply

Your email address will not be published. Required fields are marked *