News

Hydropower plants overhaul budgeted with EUR 480 million

Published

March 11, 2016

Comments

comments icon

0

Share

Published:

March 11, 2016

Comments:

comments icon

0

Share

HEP Group marked half of a century of the operation of hydropower plant Dubrovnik in its rehabilitated facility, the first in a programme that state-owned energy utility determined to last through 2020. Managing director Perica Jukić said the company secured HRK 3.6 billion (EUR 480 million) for the overhaul, planned to introduce new capacity of between 111 MW and 124 MW. The addition is equivalent to a hypothetical hydropower facility larger by size than 21 out of existing 26. He added it makes Croatia one of the leading countries in Europe in the segment of power from renewable sources, SEEbiz portal reported.

The operations in HPP Dubrovnik, worth EUR 42.3 million, were finished in January, adding 36 MW to the facility and bringing total capacity to 252 MW, equivalent to almost 100 GWh per year of certified green energy, the article said. The power plant was commissioned in 1965 and since then it generated 30 TWh for Croatia, almost twice more than the country’s current yearly consumption. The accumulation is located in Bosnia and Herzegovina and the facility’s other unit generates power for delivery to the neighbouring republic.

Substation Srđ, which is in test operation and planned to go online soon, is worth EUR 18 million. It secures better supply for the Croatian far south paired with substation Plat, worth EUR 46.3 million and launched in late 2014.

Related Articles

DRI OMV Petrom Romania largest physical PPA

DRI, OMV Petrom sign Romania’s largest physical PPA so far

21 December 2024 - The new physical solar power purchase agreement between DRI and OMV Petrom is the largest ever in Romania

Renewable energy project frenzy in Greece defies curtailments, grid constraints

Renewable energy project frenzy in Greece defies curtailments

20 December 2024 - Applications for new renewable energy projects continued unabated in Greece in 2024 according to Independent Power Transmission Operator

croatia subsidies bih municipalities climate change

Croatia to grant EUR 5 million for climate action projects in BiH

20 December 2024 - The Ministry of Environmental Protection and Green Transition has issued a call for awarding funds for climate action projects

north macedonia esm kfw bogdanci bitola solar wind uncev Moritz Remé

North Macedonia’s ESM secures loan, grant for solar projects, wind farm Bogdanci

20 December 2024 - The solar power plants will be installed within coal mining and energy complexes REK Bitola and REK Oslomej