Electricity

Croatia’s HEP, Ukraine’s DTEK sign MoU, first step electricity supply from Hungary

DTEK

Slika. Signing ceremony (HEP)

Published

October 14, 2019

Country

Comments

comments icon

0

Share

Published:

October 14, 2019

Country:

Comments:

comments icon

0

Share

Croatian power utility Hrvatska Elektroprivreda (HEP) and Ukrainian energy holding company DTEK have signed a memorandum of understanding and business cooperation.

The memorandum was signed by DTEK’s Chief Executive Officer, Maxim Timchenko, and the President of HEP’s Management Board, Frane Barbarić, in the presence of the Prime Minister of the Croatian government, Andrej Plenković, and the Croatian government ministers.

According to DTEK’s press release, the first step in the framework of cooperation is a test electricity supply by DTEK Hungary Power Trade to HEP in the amount of 2.5 GWh, in October this year. Next year, trade can reach up to 1,300 GWh, DTEK said.

The first step in the framework of cooperation is a test electricity supply by DTEK Hungary Power Trade to HEP

The memorandum of understanding and business cooperation presents the foundation of future cooperation between the two companies, through their cooperation in third markets and joint investments in the field of generation and trade of electricity, gas and other energy products, HEP said on its website.

The company said that the importance and potential of the memorandum is reflected in the fact that DTEK is the biggest private energy company in Ukraine, the country’s biggest private producer of gas, and one of its three biggest investors in renewable energy sources (solar and wind). DTEK’s total installed capacities for electricity generation amount to 17 GW, while it distributes electricity for 3.6 million customers.

“The MoU is another step towards expanding DTEK’s presence in the European energy markets”

“The memorandum is another step towards expanding DTEK’s presence in the European energy markets. It will make the Ukrainian energy system closer to the European energy system, contributing to further strengthening of the energy security of Ukraine,” DTEK CEO Maxim Timchenko said.

“Big opportunities for intensive mutual cooperation in the development of renewable sources”

Frane Barbarić, President of HEP’s Management Board, said that regarding renewable energy sources, both HEP and DTEK have achieved a significant breakthrough in recent years.

“We see big opportunities for intensive mutual cooperation in the development of renewable sources,” Frane Barbarić, President of HEP’s Management Board, said.

A few days ago, HEP started building the Korlat wind farm near Benkovac – the company’s first wind farm.

Tags:
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

CWP Europe and the European Commission signed the Declaration

CWP Europe gets European Commission’s backing for renewables projects in Albania, Montenegro

13 October 2025 - CWP Europe and the European Commission have signed a declaration of support for the Tropoja wind farm and the Montechevo solar farm with battery storage

IPS International Power Supply inaugurates Bulgaria first battery gigafactory

International Power Supply inaugurates Bulgaria’s first battery gigafactory

13 October 2025 - International Power Supply (IPS) opened its Factory X1 on the outskirts of Sofia, with a capacity of 3 GWh per year

ie energy bess smart battery storage

Croatian IE-Energy, Slovenia’s NGEN plan virtual network of smart battery storage systems

10 October 2025 - The EUR 60 million project is a step toward creating a virtual network of battery storage systems connecting renewable energy producers and consumers.

bih republic of srpska cbam petar djokic

Đokić: We expect EU to accept request to postpone CBAM implementation

10 October 2025 - Minister of Energy and Mining of the Republic of Srpska expressed belief that the European Commission would postpone the implementation CBAM