Hidroelectrica is launching auction for Vidraru Hydropower Plant refurbishment contract

Today, February 26, 2024, Hidroelectrica resumed the auction for the refurbishment of Vidraru hydropower development through the electronic public procurement system (SEAP). The estimated value of the contract for this project is 188 million euros, reflecting an update of the costs to the new market values.

The "Vidraru Hydropower Development Refurbishment" project aims to carry out a complex set of works, including the installation of mechanical and electrical equipment, the integration of modernized installations, construction works for the replacement/rehabilitation of the existing equipment, the reinforcement of hydro-technical constructions, such as the dam, the pressure by-pass, the power plant, the operational block, and building a warehouse for waste and reusable materials. The project also includes the implementation of an automatic control system to coordinate the operation of equipment and installations, technical condition assessment services, design and engineering for each technical unit, as well as project management activities to coordinate the entire refurbishment process.

The resumption of the auction for the modernization of Vidraru starts from solving the problems identified in the procedures carried out in the past. Before relaunching the project, Hidroelectrica specialists had a series of consultations with potential contracting companies to identify both new ideas and the challenges or uncertainties they face, both from a technical and financial point of view. Thus, an extensive market research was carried out with the aim of obtaining a correct estimate of the value of the works in a period characterized by increased volatility, but also to align the contractual clauses with international practice, so that the premises for a participation are ensured as wide as possible for both Romanian and international contractors.

"We know that it is an extremely complex project, with multiple variables and risks, but it is of the utmost importance and priority both for Hidroelectrica and for the national energy system. We trust that these changes, which the new team forming the management board undertakes, will lead to the successful award of the contract and the effective completion of the works" - said Karoly Borbely, CEO of Hidroelectrica.

Hidroelectrica reaffirms its commitment to the modernization and efficiency of its hydropower infrastructure, thus contributing to the sustainable development of the energy sector in Romania. Additional details and information about the auction process can be obtained from the SEAP platform.

Hidroelectrica is the largest producer of green energy in Romania and provides essential ancillary services for the National Energy System. The company operates 187 power stations with a hydropower capacity of 6.3 GW and - in addition, it owns a wind farm at Crucea with an installed power of 108 MW.

Hidroelectrica Press Office