Romanian state-owned electricity producer Hidroelectrica has allocated approximately €20 million (excluding VAT) for advancing the Pascani hydropower plant (HPP) project on the Siret River. The investment focuses on acquiring and installing hydromechanical systems for four gates of the spillway dam.
The contract encompasses a full turnkey solution, including design services, construction work, as well as the production, supply, installation, and commissioning of the necessary equipment. The project is set to be completed within a 120-month timeframe.
As part of the procurement requirements, interested contractors must demonstrate a minimum average annual turnover of €10 million (excluding VAT) over the last three fiscal years—2021, 2022, and 2023. The contract will be awarded via an open tender procedure, with bids evaluated based on the best value-for-money criteria.
Companies wishing to participate must submit their bids or expressions of interest by 2 June. The tender marks a significant step in the broader development of HPP Pascani, aiming to strengthen Romania’s renewable energy infrastructure.
