Electricity

HEP Group to invest EUR 780 million in power networks by 2021

Photo: HEP Group

Published

October 29, 2018

Country

Comments

0

Share

Published:

October 29, 2018

Country:

Comments:

0

Share

Croatian power utility Hrvatska Elektroprivreda (HEP Group) will invest HRK 4 billion (EUR 537 million) in the distribution network and more than HRK 1.8 billion (EUR 241 million) in the transmission network from 2018 to 2021, which will ensure the security of supply for the existing and future consumers in Croatia.

Members of the Croatian Government led by Prime Minister Andrej Plenković visited the reconstruction site of the 35/10 kV Stari Grad substation on the Hvar island, where HEP representatives presented their investments.

By 2021, HEP Group will invest HRK 1.2 billion (EUR 161 million) into the power network and renewable energy sources in the coastal area and on the islands, of which HRK 800 million (EUR 107 million) in the distribution network, President of HEP’s Management Board Frane Barbarić said.

According to HEP, these investments will contribute to the success of Croatian tourism and improve living conditions for the island’s population.

HEP plans to invest HRK 2 billion (EUR 268 million) in the distribution network in coastal areas by 2028.

The total value of the Stari Grad substation’s reconstruction is HRK 3.5 million (EUR 470.000). It will increase the installed capacity from 2×8 MW to 2×16 MW and enable the connection of new consumers and tourist zones in that part of the Hvar island.

It is especially interesting that from the announced HRK 6 billion (EUR 800 million) investment into the electricity network in Croatia, HRK 60 million (EUR 80 million) will be invested in the Hvar island in the next three years, Prime Minister Andrej Plenković said, calling it a very good new investment cycle of Hrvatska Elektroprivreda.

HEP intends to build a 10 MW solar power plant on Hvar.

In July, the Croatian company announced a HRK 230 million (EUR 31 million) investment in smart grids from 2018 and 2022, in five out of 21 distribution sections of the HEP distribution system operator (DSO).

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

Egypt add 1 1 GW solar wind power cheapest rates Africa

Egypt to add 1.1 GW in solar, wind power with cheapest rates in Africa

02 December 2022 - Two giant solar and wind power plants in Egypt will supply electricity at the lowest rates in Africa, IFC said

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid