Electricity

Croatia’s first geothermal power plant Velika 1 officially unveiled

Tomislav Ćorić (left) and Muharrem Balat (right), photo by Maks Petković

Published

November 19, 2019

Country

Comments

0

Share

Published:

November 19, 2019

Country:

Comments:

0

Share

Croatia’s first geothermal power plant, the 16.5 MW Velika 1 in Ciglena near Bjelovar, has been officially unveiled in a ceremony attended by Croatian Minister of Environmental Protection and Energy Tomislav Ćorić and Muharrem Balat, Chairman of the Board of Turkey’s MB Holding, which owns the plant. Europe’s biggest binary power plant was built in an investment of HRK 325 million (around EUR 43.7 million).

The Velika 1 geothermal power plant was put in operation in December 2018, and has been operating at full capacity since March 2019, supplying electricity to almost the entire city of Bjelovar. The plant’s core technology was produced by Italy’s Truboden, while domestic suppliers and contractors accounted for over 68% of the total investment, according to the Croatian Renewable Energy Sources (OIEH) association.

Project manager Dragutin Domitrović said that Velika 1 has a power purchase agreement with the Croatian Energy Market Operator (HROTE) for 10 MW of installed capacity, which corresponds to the average consumption of 29,000 Croatian households.

Electricity produced by geothermal power plants is fed to the grid regardless of the weather or time of day. Since it started operating at full capacity in March this year, Velika 1 has delivered over 55 GWh of electricity, according to Domitrović.

Muharrem Balat, Chairman of the Board of MB Holding, said that the company has built five power plants in Turkey, which are still performing very well, adding that he hopes MB Holding will do the same in Croatia.

Balat noted that geothermal energy has numerous advantages over other renewable energy sources, since it can deliver electricity 24/7/365. He added that investing in geothermal energy is risky and cost intensive, but that the Turkish company is prepared to continue with investments in Croatia.

In early September, MB Holding signed a contract on designing a binary (ORC) geothermal power plant called Legrad, with a projected installed capacity of 19.9 MW.

According to end-2018 data, Turkey was the global leader in adding new geothermal capacity last year, while Croatia was sixth worldwide.

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

Etem Gestamp ppa solar private equity fund growth

Automotive components producer Etem Gestamp signs PPA deal in Bulgaria

07 August 2022 - Private Equity Fund - Growth and Etem Gestamp have signed a ten year power purchase agreement for 4 GWh of solar energy

Montenegro EPCG minimum price of 10 shares

Montenegro’s EPCG lowers minimum price for sale of 10% of its shares

05 August 2022 - Montenegro's state-owned utility EPCG cut the minimum price for its 10% stake to EUR 87 million from just above EUR 100 million

Kosovo emergency measures secure electricity supply

Kosovo* adopts emergency measures to secure electricity supply

05 August 2022 - Kosovo* introduced emergency measures for up to 180 days in the electricity supply sector because of the surge in power prices in Europe

Ravno municipality BiH solar wind power 200 MW

BiH’s Ravno municipality inks 200 MW in solar, wind power capacities

04 August 2022 - Investors signed contracts for wind and solar power plant of over 100 MW and a photovoltaic unit of up to 100 MW in Ravno in BiH