The lake was formed in 1964 on the upper course of the Bistrita River and is the first dam lake located downstream of the Dimitrie Leonida Hydro Power Plant in Stejaru. Pângărați Lake has been used for the purpose of producing electricity, being exploited by S.C Hidroelectrica S.A. “Bistrița” Piatra Neamț Hydropower Branch (Sucursala Hidrocentrale “Bistrița” Piatra Neamț), having a maximum length of 3700 m, a maximum width of 730 and a maximum depth of 14 m. With favorable conditions for food and shelter, Pângărați Lake is an important area for birds moving on the eastern Carpathian migration corridor. At the same time, the lake is an important link in preserving biodiversity and natural habitats for the entire eastern continent of the European continent. In recent years, this lake has been favored by various species of ducks, eurasian coots, and silver gull populations. There can be observed during the cold season specimens of mallards, common goldeneyes , tufted ducks, whooper swans and eruasian coots. Regarding the species of fish living in the Pângăraţi Lake we can list: bleaks, nases, chubs, pikes, prussian carps, ruffes, perches, common breams, common rudds.
This tourist destination is part of the circuit: Piatra Neamţ – Bicaz – Borca