Hidroelectrica invests EUR 100 mln in engineering company UCM Resita after takeover
<p>Romanian state-controlled energy company Hidroelectrica (BVB: H2O) will invest EUR 100 million and will contract works worth another EUR 100 million during 2024-2028 with the machinery producer UCM Resita after it purchased it and renamed it UCMH.</p>

<p>UCM Resita produced the related equipment for over 80% of the national hydropower system, putting into operation over 6,325 MW of installed power, which represents 326 hydropower groups.</p>

<p>On March 11, 2024, the contract for the sale of the UCMR business to UCMH, a newly established company whose sole partner is the state company Hidroelectrica, the largest electricity producer in the country, was signed.</p>

<p>"Here at UCMH, the oldest industrial unit [in Romania], founded in 1771, 1,461 steam locomotives, including marine engines, and last but not least, more than 300 hydro-generators were manufactured. I would like to thank people for being patient during the 13 years of insolvency. Hidroelectrica means a new beginning," said Hidroelectrica CEO Karoly Borbely, quoted by <a href="https://www.economica.net/hidroelectrica-va-aloca-in-urmatorii-patru-ani-un-buget-de-1-miliard-de-lei-uzinei-constructoare-de-masini-hidroenergetice-fosta-umc-resita_749330.html?mc_cid=c65a8984fc&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economica.net</a>.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Inquam Photos/Octav Ganea)</em></p>