"After analyzing the documents submitted by investors interested in building the Tarniţa – Lăpuşteşti project, we qualified three consortia, thus the first phase was completed. The negotiation phase of preliminary non-binding offers will follow. The project Tarniţa - Lăpuşteşti is a strategic project of national interest, an important investment for Romania's energy security "- said Ovidiu Demetrescu, General Manager of Hydro Project Tarniţa SA.
According to the investor selection procedure finalized in August 2015 the three consortia that met the criteria required by the pre-qualification documentation, may participate in the next stages of the selection procedure investors. Such pre-qualified investors will be invited to the negotiations with preliminary non-binding offers, on the basis of tenders submitted by them. Depending on the results, the company Hidro Tarniţa SA, will develop the terms of reference final document that will contain all the elements and conditions for the binding final offer, which pre-qualified investors will be invited to submit. After completing the last stage - the conduct of the tender offer enclosed in a sealed envelope investor will appoint a winner, who will sign all documents necessary for the participation in the hydroelectric project Tarniţa - Lăpuşteşti. This project is declared to be a strategic objective of national interest, essential for balancing the National Energy System. The construction of the hydroelectric plant Tarniţa-Lăpuşteşti requires a green-field investment estimated at around one billion euros. The plant Tarniţa - Lăpuşteşti will be located in northwestern Romania, about 30 km from the city of Cluj Napoca, Somesul Cald river valley.