HEP investing in generation portfolio
By 2028, Croatian state owned utility HEP aims to complete the €487 million (HRK 3.6 billion) revitalisation cycle of its hydro power plant (HPP) generation portfolio. At present, €190 million (HRK 1.4 billion) has already been invested. During the course of 2019 works: will continue on Ozalj (5.5 MW) and Gojak (55.5 MW); should be completed on Zakučac (486 MW), Dubrovnik (252 MW) and Fužine (4.6 MW); will begin on Varaždin (94 MW) and Senj (216 MW). The revitalisation effort
Chinese Norinco starts construction on 156 MW wind farm in Croatia
Chinese based Norinco International started preparing construction of a 156 MW wind farm near Senj. The farm should consist of 39 turbines, each having an output of 4 MW. The project is estimated to cost €160 million and will represent the largest Chinese investment in Croatia. Produced electricity is to be sold on the market, which means that it will be Croatia’s first significant greenfield wind energy project that will not receive incentives for the produced MWh. Planned c
Golar Power Limited to provide FSRU for LNG Croatia
LNG Croatia LLC officially closed the procurement procedure for the provision, operation and maintenance services of a Floating Storage & Regasification Unit (FSRU). During the process, bids from three different companies were received: Norwegian Golar Power Limited, Japanese Mitsui O.S.K. Lines and Greek Maran Gas Maritime Inc. After having evaluated the bids, Golar Power Limited was chosen for being “economically most advantageous”. The selected vessel has an LNG storage ca
HEP announces ambitious plans regarding grid investments
In the period from 2018 to 2021, HEP Group aims to invest around €780 million (HRK 5.8 billion) in the electricity network of the Croatian power system. Approximately €540 million (HRK 4 billion) is to be invested in the distribution grid and more than €240 million (HRK 1.8 billion) is earmarked for investments in the transmission network. Out of the €780 million, HEP plans to invest over €160 million (HRK 1.2 billion) in the electricity network and renewable energy projects
LNG Croatia prolongs closing the second round Open Season
State-owned developer LNG Croatia LLC prolonged the deadline for submitting binding offers from 2nd of August to 28th of September 2018. The decision was made after receiving several requests from potential terminal users. Source: LNG Croatia #LNG #Croatia
HEP to invest €31 million in smart grids by 2022
Croatian state-owned utility HEP signed a Grant Agreement with the European Regional Development Fund worth €20 million regarding the pilot project of introducing smart grid solutions in Croatia. The project involves the computerisation of part of the distribution grid. As reported by HEP, the implementation of advanced measuring infrastructure will enable a more precise calculation of losses, identification of areas with higher losses, detailed monitoring of electricity cons
LNG Croatia reissues its FSRU tender
Croatian state-owned developer LNG Croatia reissued its tender for the procurement of the Floating Storage & Regasification Unit (FSRU) due to formal reasons. LNG Croatia announced an invitation to submit bids in the “Procurement of goods and services consisting of delivery of the FSRU unit with the provision of FSRU operation and maintenance services” Deadline for submission is set at 21st of September 2018. As reported by LNG Croatia LLC, during previous procurement procedu
HEP to invest over €6 million in solar unit
HEP announced plans to invest in 6.5 MW solar farm Orlec on the island of Cres. Orlec is to become HEP's first unintegrated solar power plant, which currently has nine integrated solar power plants installed on company's buildings. If counstructed, Orlec will be the largest solar power plant in Croatia, surpassing the current largest unit of 1 MW. This is HEP's the first project within the planned cycle of independent development or acquisition of projects for the constructio
Kosinj hydro project receives green light
Project Kosinj received a positive decision from the Ministry of Environmental Protection and Energy on the acceptability of construction and operation. The project includes the construction of three reservoirs, a tunnel and a canal Bakovac - Lika, Hydro power plant Kosinj and the reconstruction of the existing hydro power plant Sklope. The construction of HPP Kosinj with two separate units 11.5 MW + 22 MW) would provide the Croatian electricity system an additional 250 GWh o
Croatia to start subsidising microsolar units
Croatian Government announced that the fund for the promotion of renewable energy sources will make €1.6 million available for citizens ready to invest in microsolar energy during September. Additionally, it expects to be able to launch a tender for an additional €30 million of incentives for the application of RES and energy efficiency for citizens by the end of the year.. Source: Energetika #Croatia #microsolar
