Electricity

Siemens, HOPS ink EUR 14.1 million deal for Sincro.Grid project

HOPS

Signing ceremony (HOPS)

Published

November 28, 2019

Country

Comments

comments icon

0

Share

Published:

November 28, 2019

Country:

Comments:

comments icon

0

Share

Croatian transmission system operator (TSO) HOPS and technology company Siemens have signed a HRK 104.9 million (EUR 14.1 million) contract for the construction of an SVC (static VAR compensator) facility at transformer station Konjsko. The deal is for the installation of reactive power flow control equipment in the south part of the country’s transmission network. The agreement is part of the implementation of the smart grid project Sincro.Grid, backed by the European Union.

The contract, which has a 24-month deadline, was signed by Tomislav Plavšić, HOPS’ management board chairman, Medeja Lončar, Siemens’ chief executive for Croatia and Slovenia, Krunoslav Brekalo, CEO of Smart Infrastructure Croatia, and Nataša Novosad, finance chief at Smart Infrastructure Croatia.

The inking of the agreement could be considered as the final part of the preparations, so now the implementation of the SINCRO.GRID project can start

The turnkey contract includes the preparation of documentation for the production, transport, installation and commissioning of a 250 MVAr SVC. VAR stands for volt-ampere reactive, a unit of reactive power. The deal can be considered as the final part of the preparations, so now the implementation of the SINCRO.GRID project can start, HOPS said on its website, adding that the endeavour is currently its largest investment in implementation.

Sincro.Grid is divided into six procurements or contracts of significant value in order to secure more flexible and efficient project management

Due to the complexity of the project combined in the proposed modern technical solutions (VSR, SVC, DTR, VCBCC) and the number of locations where activities are planned (TS Konjsko, TS Melina, TS Mraclin, 220 kV Brinje-Konjsko, 220 kV Senj- Melina, 220 kV Zakučac-Konjsko, National Dispatch Center), Sincro.Grid is divided into six procurements or contracts of significant value, in order to secure more flexible and efficient project management, said HOPS’ management board chairman.

Under the project, at the end of August HOPS and Siemens Croatia signed a HRK 36.5 million (EUR 4.93 million) contract.

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

Spajic Japanese Itochu Montenegro waste energy

Spajić: Japanese company Itochu eyes Montenegro’s waste-to-energy project

09 January 2026 - Prime Minister of Montenegro Milojko Spajić said a 50 MW incinerator is about to be built for municipal waste

ContourGlobal 500 MWh standalone BESS facility in Bulgaria

ContourGlobal installs 500 MWh standalone BESS facility in Bulgaria

09 January 2026 - ContourGlobal inaugurated a standalone battery energy storage system of 202 MW. It is participating in Bulgaria’s day-ahead and intraday electricity markets.

slovenia subsidies economy companies electricity

Slovenia to aid energy-intensive companies with EUR 30 million per year

09 January 2026 - Minister of the Environment, Climate and Energy Bojan Kumer said the bill addresses the serious challenges facing this segment of Slovenia's economy

Serbia developing legal framework CO2 storage

Serbia developing legal framework for CO2 storage

08 January 2026 - Serbia's draft law on hydrocarbon exploration and exploitation will include permanent disposal of CO2 in geological formations of depleted deposits