Restart Energy Signs Agreement for the Purchase of Two Hydro Power Plants
With market sentiment running high in Romania and having recently signed off on the pre-agreement to start the acquisition process of six solar parks, Restart Energy has endeavored to further add to its growing energy production capacity with the addition of two hydroelectric power-plants that will be purchased after due diligence procedures are concluded, from pure-hydro producer Hidroprod — with whom we share many core values, such as a respect for the environment, the end user, as well as the energy industry as a whole.
Since the inception of the company in 2008, Hidroprod SA has put renewable and sustainable energy on the map of Maramureș, through hard work, proven know-how and dedication. As of 2012, the company has been operating two hydropower plants, located on the Valea Neagră river — Valea Neagră 1 and Valea Neagra 2 — with a total combined energy production capacity of approximately 22,440,960 kWh per year.
Technical details of the two hydroelectric power plants are as follows:
Valea Neagra 1:
- 2 identical hydro groups, 2 Crossflow (CINK — Czech Republic) turbines, 897 kW each
- Installed flow Qi = 2.26 mc/s (2 x 1.13mc/s)
- Net water fall Hnet = 91.1m
- Steel pipe carrier 1,100 mm diameter, on a length of cca. 1,900 m
Valea Neagra 2:
- 2 identical hydro groups, 2 Crossflow (CINK — Czech Republic) turbines, 470kW each
- Installed flow Qi = 2.26 mc/s (2 x 1.75 mc/s)
- Net water fall Hnet = 48.7 m
- Steel pipe carrier 1,100 mm diameter, on a length of cca. 1,300 m
Restart Energy will take Hidroprod’s work one step further and share it with the entire world.
This expansion of our renewable energy production capabilities is fully in line with our Whitepaper (p65, 11.9 — Use of funds) and represents a part of the upstream integration detailed in that section. 10% of the yearly energy production of the newly purchased renewable power plants will be allocated to the special energy fund of the RED community.
In order to support our ever-expanding user-base (over 5,000 new users in Romania within the first two months of 2018, with 30,000 pre-existing clients), Restart Energy plans to move forward with more such deals in the future, to best serve both its current and prospective clients.
Hidroprod SA is a pure-hydro renewable energy producer from Baia Sprie, Romania — located in the north-western part of Romania, near Baia Mare city in Maramureș county, along the Valea Neagră river. Ever since its appearance in 2008, Hidroprod has been dedicated to the sole purpose of owning, developing and operating two hydroelectric power plants — Valea Neagra 1 and Valea Neagra 2 — with a combined energy production capacity of roughly 22,440,960 kWh per year.
About Restart Energy
Restart Energy Democracy (RED) is a blockchain-powered platform, backed by Restart Energy — a European energy provider with 20 million USD in revenues. The company was built with a vision to democratize the energy sector and quash the dominance of legacy monopolies in the energy world. The company’s credentials include a customer base of 27,000 household and 3,000 corporate clients, expanding at more than 2,000 clients per month (5,000 new customers in the first two months of 2018), and it’s impressive growth: 1700% from 2015 until today.
Restart Energy is developing the world’s first peer-to-peer, fully decentralized energy transfer platform allowing users to send and receive energy worldwide, based on its proprietary virtual balancing system, that uses A.I, Big Data, and IoT technologies. The RED ecosystem is comprised of the RED-Platform, RED-Franchise and RED-MWAT Tokens.
The RED-Franchise is the first power retail franchise to simplify and allow any company or entrepreneur to operate their own power utility enterprise, enabling them to start selling energy in more than 35 deregulated energy markets globally.
MWAT tokens are crypto-tokens that enable the virtual storage and trade of up to 1 MWh of electricity per month on the RED-Platform Software and will facilitate the development of affordable clean energy, though free-market practices. They come pre-charged with 0.11 kWh and get monthly free energy from a special community energy fund that is charged with 1–5% of total grid power — this energy is transferred by producers and suppliers in a special community energy fund in exchange for access to the RED platform.
Importantly, it should be noted that potential franchise partners will need to own (this is not a form of payment to us) a certain number of MWAT tokens, in order to qualify for our various franchise tiers — the secret to our award-winning growth as a business!
For more information, please visit our website, our Telegram, and read the Restart Energy whitepaper. Join our announcement channel for updates regarding Restart Energy Democracy.