3.6 Billion Kuna Invested in Hydropower Plants in Croatia - Hydro Balkans
+44 207 394 30 90 (London)

3.6 Billion Kuna Invested in Hydropower Plants in Croatia

Главная » News » 3.6 Billion Kuna Invested in Hydropower Plants in…

The national power provider HEP is implementing a large-scale investment cycle that includes 3.6 billion kuna worth of investment in revitalising hydropower plants in Croatia, which will contribute to GDP growth, Prime Minister Andrej Plenković said in Ozalj on Thursday at a ceremony marking the launch of power generator B at the Ozalj 1 hydropower plant on the Kupa river.

The new power generator was added to the plant which is marking the 110th anniversary of its existence.

HEP has so far invested 1.4 billion kuna and will invest an additional 2.2 billion kuna over the next 10 years, the prime minister said at the ceremony in Ozalj, 50 kilometres south of Zagreb.

Plenković said that the upgrade work on this power plant was worth 60 million kuna and would prolong the plant’s working life.

“Croatia wants to strengthen its hydropower capacity and continue this trend in the coming years, which is also excellent on the European level. We have already met the EU target for 2030 regarding energy from renewable sources,” the prime minister said.

In 2014, EU member states agreed on a new renewable energy target of at least 27% of the EU’s final energy consumption by 2030, as part of the EU’s energy and climate goals for 2030.

Speaking of HEP’s investment cycle and its contribution to national economic growth, Plenković said that when it came to “the strategic triangle: fiscal consolidation, structural reforms and investment, emphasis should be put on investment as the driver of growth and development and eventually employment.”

HEP management board chairman Frano Barbarić said that the company would further develop itself in the production of electricity from renewables.

He recalled the company’s project of the construction of a solar power station on the northern Adriatic island of Cres, the first in a series of planned power plants to run on solar power and other renewables.

At a contract-signing ceremony on Cres in late June, Brbarić said then that by 2050 HEP would produce 70% of electricity from renewable resources.

The power plant will be built on an area of 17 hectares and will have a capacity of 6.5 megawatts. That is 6.5 times more than the largest existing plant of this type in the country. It will produce an average of 8.5 million kilowatt hours a year, which is approximately the consumption of 2,000 households.

Source: Total Croatia News

MORE:

The CEO of KESH will present a report on the renovation of 3 large HPPs

The CEO of KESH (Albanian public operator) – Mr. Agron Hetoja – will present a report on the renovation of 3 large HPPs on the river Drin, with the capacity of 1.350 MW, including Fierza HPP, Komani HPP, and Vau i Dejës HPP. The is trustworthy information. They will also probably dwell upon the construction…


Natsionalna Elektricheska Kompania EAD presents hydropower investment projects at the Summit «Hydropower Balkans 2017»

Bulgarian public NEK EAD company-operator has confirmed the readiness to present a report on rehabilitation and modernisation of 5 HPPs: Chaira 844 MW, Belmeken 74 MW, Sestrimo 240 MW,  Momina Klisura 120 MW, Vacha 14 MW. Overall investment volume is € 37m.


China’s Dongfang shows interest in construction of Dabar HPP in Bosnia

SARAJEVO (Bosnia and Herzegovina), July 6 (SeeNews) – China’s Dongfang Electric Corporation is interested in the construction of the 160 MW Dabar hydro power plant (HPP) in Bosnia, the Balkan country’s Foreign Investment Promotion Agency (FIPA) said on Thursday. Representatives of Dongfang have submitted a letter of intent for this project to the government of…