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

0

Share

Published:

October 14, 2019

Country:

Comments:

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

Solar power generation to increase ten times in Montenegro energy balance

Solar power generation to increase tenfold in Montenegro next year

25 November 2022 - According to the estimate in the Energy Balance of Montenegro for 2023, electricity production will drop 12.63% this year

Austria can reach 1,2 GW with additional solar in 2022

Austria set to add over 1 GW in solar power in 2022

25 November 2022 - Austria is on track to install more than 1 GW in photovoltaics this year and as much as 1.5 GW every year

Albania applications solar power 151 MW

Albania receives applications for solar power projects of 151 MW in total

25 November 2022 - Applications for solar power projects sent to the Ministry of Infrastructure and Energy of Albania include one of the largest ones so far, for 93 MW

coal phaseout see region iea

Coal phaseout in SEE: countries have made pledges, but some are still silent

24 November 2022 - The list of 40 countries with the largest shares of coal-fired power plants in electricity production includes eight in this region