Electricity

Siemens, HOPS ink EUR 14.1 million deal for Sincro.Grid project

HOPS

Signing ceremony (HOPS)

Published

November 28, 2019

Country

Comments

comments icon

0

Share

Published:

November 28, 2019

Country:

Comments:

comments icon

0

Share

Croatian transmission system operator (TSO) HOPS and technology company Siemens have signed a HRK 104.9 million (EUR 14.1 million) contract for the construction of an SVC (static VAR compensator) facility at transformer station Konjsko. The deal is for the installation of reactive power flow control equipment in the south part of the country’s transmission network. The agreement is part of the implementation of the smart grid project Sincro.Grid, backed by the European Union.

The contract, which has a 24-month deadline, was signed by Tomislav Plavšić, HOPS’ management board chairman, Medeja Lončar, Siemens’ chief executive for Croatia and Slovenia, Krunoslav Brekalo, CEO of Smart Infrastructure Croatia, and Nataša Novosad, finance chief at Smart Infrastructure Croatia.

The inking of the agreement could be considered as the final part of the preparations, so now the implementation of the SINCRO.GRID project can start

The turnkey contract includes the preparation of documentation for the production, transport, installation and commissioning of a 250 MVAr SVC. VAR stands for volt-ampere reactive, a unit of reactive power. The deal can be considered as the final part of the preparations, so now the implementation of the SINCRO.GRID project can start, HOPS said on its website, adding that the endeavour is currently its largest investment in implementation.

Sincro.Grid is divided into six procurements or contracts of significant value in order to secure more flexible and efficient project management

Due to the complexity of the project combined in the proposed modern technical solutions (VSR, SVC, DTR, VCBCC) and the number of locations where activities are planned (TS Konjsko, TS Melina, TS Mraclin, 220 kV Brinje-Konjsko, 220 kV Senj- Melina, 220 kV Zakučac-Konjsko, National Dispatch Center), Sincro.Grid is divided into six procurements or contracts of significant value, in order to secure more flexible and efficient project management, said HOPS’ management board chairman.

Under the project, at the end of August HOPS and Siemens Croatia signed a HRK 36.5 million (EUR 4.93 million) contract.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Alive Capital Sieyuan Electric 2 5 GWh of battery storage

Alive Capital, Sieyuan Electric to deploy up to 2.5 GWh of battery storage

19 March 2026 - Alive Capital signed a deal with energy equipment manufacturer Sieyuan Electric for the deployment of battery energy storage systems

montenegro serbia eps public hearing HPP Buk Bijela pluzine zivkovic

CEO of Serbia’s EPS: HPP Buk Bijela poses no environmental risk for Montenegro

18 March 2026 - A public hearing was organized in Montenegro as part of the procedure for assessing the project's cross-border impact

Just transition in Greece residents of coal regions can invest in economic makeover

Just transition in Greece – residents of coal regions can invest in economic makeover

18 March 2026 - Public Power Corp. issued bonds exclusively for residents of Kozani and Florina, in Greece's coal region undergoing a transformation

Antalya in Turkey to install power turbines inside water supply pipelines

Antalya in Turkey to install power turbines inside water supply pipelines

18 March 2026 - Projects are underway in Antalya in southern Turkey for two hydropower turbines totaling 1.9 MW inside water pipelines