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

serbia hemofarm rooftop solar plant vrsac

Hemofarm commissions one of largest rooftop solar plants in Serbia

27 February 2026 - The largest rooftop solar plant in Serbia is on the buildings of polymer products maker Peštan

greenvolt wind farm loans

Portugal-based Greenvolt secures financing for two wind projects in Romania

27 February 2026 - Greenvolt has secured over EUR 400 million for its 253.1 MW Ialomiţa Nord wind farm project and another 49.8 MW in Călărași county

bih republic of srpska loans garanties power plants distribution grid petar djokic

Republic of Srpska plans EUR 204 million in loans for power plants, grid

27 February 2026 - The Republic of Srpska is ready to issue guarantees for BAM 400 million (EUR 204.5 million) for coal power plants and the distribution grid

Green hydrogen or lost leadership, Thomas Hillig, EUSEW digital ambassador

Green hydrogen or lost leadership? Europe must act before China wins

27 February 2026 - Europe’s green hydrogen ambitions face weak demand and high costs. To compete with China, the EU must shape market design and build industry now.