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

serbia auctions wind solar results

Serbia allocates entire quota at second auctions, investors to install 645 MW of wind, solar

21 February 2025 - Serbia allocated the entire 424.8 MW quota in its second auctions. The winning bids came from China, the USA, France, and Serbia

serbia solar wind 2025 projections

Serbia to add 138 MW in solar, wind in 2025

21 February 2025 - The estimated capacity of prosumers is 123.6 MW, out of which 43 MW would be new photovoltaics, according to the energy balance

Energy industry confidence in net-zero goals sinks EIC report

Energy industry confidence in net zero goals sinks – report

21 February 2025 - Energy industry confidence in reaching net zero targets is fading, according to Net Zero Jeopardy Report II by the Energy Industries Council

EU renewables role Vision for Agriculture and Food

EU acknowledges renewables role in Vision for Agriculture and Food

21 February 2025 - Green energy and energy communities are beneficial for farmers, the European Commission said in its Vision for Agriculture and Food