The Tarniţa – Lăpuşteşti pumped storage hydroelectric plant is mandatory for the stability of the national energy system, and Romania is the only country in Europe that does not have such a center, according to the study of the project’s foundation, conducted by the National Commission for Strategy and Prognosis ), quoted by Agerpres.

The institution is subordinated to Guven, according to e-nergia.ro.

The institution has published on its website a draft Government Decision for the approval of the Fundamental Study for the Hydroelectric Power Station with Tarniţa – Lăpuşteşti Pumping.

“The National Commission for Strategy and Prognosis will take all necessary measures, in accordance with the legal provisions in force, to initiate and go through with the procedure of awarding the public-private partnership contract (PPP) for the Tarniţa – Lăpuşteşti Pump Station Hydroelectric Power Plant, says the text of the proposed normative act.

In the substantiation study, CNSP estimates that the investment will amount to one billion euros for a capacity of 1,000 MW, and the PPP contract period will be of 30 years, of which five years of financial closure, design and execution.