"This project is extremely important to our company and represents a major step forward in our development process. Thanks to the financial support provided we are now fully able to this new technological capacity of energy production and contribution to the reduction of CO" emission s without any environmental impact. We would like to thank our partner Minihydro Norge AS for their outstanding contribution to the project."
- Mr Romeo Lalu, General Manager of the company Hidro Jepi.
Hidro Jepi is a private Romanian company, from Busteni, Prahova County, active in the renewable energy generation sector. Locally and regionally, Hidro Jepi S.A. is one of the small local players that produce green power and deliver to the national system resources needed for a competitive economy.
The company’s main goal is to develop and consolidate a sustainable energy business in the emerging green economy. The project harnesses the available hydropower potential on the eastern slope of the Caraiman mountains in the Bucegi mountains.
To enhance hydropower production, Hidro Jepi is installing new turbines to use the full production potential and further developing the business by selling electricity to companies in Busteni: supermarkets, warehouses and production facilities.
Mr Romeo Lalu, General Manager of Hidro Jepi, also states that:
"For us, this project provides an excellent opportunity to increase our green energy production capacity by responsible capitalising on the potential of currently untapped natural resources, producing a positive impact on energy security in the area, reducing CO2 and ensuring a cleaner environment with increased quality of life in the area".
Take a look at what the Beneficiary has to say:
Benefitting from Norwegian expertise
The construction of the Small Hydropower Plant will be made possible through the involvement of Minihydro Norge AS, a Norwegian company supplying electromechanical equipment to small and medium sized hydropower plants. The company has already supplied equipment to more than 20 hydropower plants with a total installed capacity of more than 60MW.
Given the technical expertise of the company, the Norwegian partner is actively involved in the project implementation and has a very important role in the selection of the equipment for the new hydropower plant, supervision of the construction works and installations, review any risks, test the equipment and the IoT software that will be installed.
Expected results of the project:
- Estimated annual growth in turnover: 26% at the end of 2023 compared to baseline year 2020
- Estimated annual growth in net operational profit: 78% at the end of 2023 compared to baseline year 2020
- 1 new Small Scale Hydropower Plant
- Estimated annual CO2 emission reductions: 205 tonnes of CO2 eq./year
- Energy produced from hydropower sources in MWh/Year: 674 MWh/year
The Energy Programme in Romania
The project is supported by Norway, Iceland and Liechtenstein through the EEA and Norway Grants. See more opportunities under the Energy Programme in Romania.
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