Hidroelectrica and VERBUND Hydro Power GmbH have jointly signed a memorandum of cooperation by which the two companies express their will for the identifying and implementing viable development projects. The signing of the memorandum was endorsed by Hidroelectrica’s Supervisory Board through on September 2018 and approved by Shareholders’ General Meeting unanimously through a decision this October.

“We see in collaborating with VERBUND Hydro Power GmbH a real opportunity, following to which both companies will certainly have a lot to win”, declared Bogdan Badea, the Chairman of Hidroelectrica’s Management Board.

Hidroelectrica and VERBUND intend to jointly develop of “construction and equipping solutions, based on the newest solutions and technologies in the energy field”. This document makes direct reference to exchange of information and know-how concerning the methods of energy dispatching, the staff-free operation of the power plants (through control centers), the optimization of the maintenance and repairs activity as well as the implementation of the innovative solutions and technologies, including the assurance of the longitudinal connectivity of water streams.

VERBUND Hydro Power GmbH is the most important company of utilities from Austria and one of the greatest hydropower producers in Europe. VERBUND Hydro Power GmbH has a huge experience in the field of power plants development and operation as well as an exceptional know-how in the area of the power generation from both the hydro source and from the renewable resources in general.

Hidroelectrica is the greatest power generation company from Romania, one of the most profitable companies in the Eastern Europe and has also a relevant history of operating hydropower plants.