HEP signs construction deal for Zagreb CCPP as it secures EUR 130 million in lending from EBRD, EIB
Power utility Hrvatska Elektroprivreda’s (HEP) project to build a new gas-fired combined-cycle gas-turbine plant to replace old and worn-out units at the EL-TO Zagreb combined heat and power (CHP) site will be backed with a total of EUR 130 million in lending from the European Bank for Reconstruction and Development (EBRD) and the European Investment […]
HEP to build Croatia’s largest solar plant to date on Cres island
The Primorsko-Goranska county, the Monastery of St. Frane – Cres and power utility Hrvatska Elektroprivreda (HEP) have signed an agreement on cooperation on the Orlec Trinket solar power plant project on the Cres island, in what would be the largest solar power plant in Croatia. The largest solar park in Croatia currently has an installed […]
HEP to pour EUR 29.6 million into state budget from 2017 profit
Croatia’s state power utility, Hrvatska Elektroprivreda (HEP), will transfer HRK 218.4 million (about EUR 29.6 million) out of its 2017 net profit into the state coffers, in line with a requirement for strategic enterprises to set aside 60% of their profits for the state budget, local media reported, citing a decision from last week’s HEP shareholder […]
Croatia launches project to upgrade power grid
The Croatian Ministry of Environmental Protection and Energy published an advertisement for the direct allocation of a project to introduce advanced IT networks into the distribution system operator (DSO) HEP – ODS company which supplies power to the population and companies across the country. HEP – ODS is subsidiary of the power utility Hrvatska elektroprivreda […]
Croatian Government appointed new HEP’s Supervisory Board
General Shareholders Assembly of the public power utility Hrvatska elektroprivreda (HEP) elected new Supervisory Board, company said in a statement. The General Shareholders Assembly, chaired by Minister of Finance Zdravko Marić, at the proposal of the Croatian Government, revoked the old and appointed new members of HEP d.d. Supervisory Board. Old members were Nikola Bruketa, […]
Croatia’s HEP to supply two Serbia’s cities with electricity
Croatian public utility Hrvatska elektroprivreda (HEP) should start supplying electricity to the Serbian city of Valjevo for public lighting and traffic lights by the end of November, while supplies to another Serbian city, Kraljevo, are at the moment uncertain due to the city’s debt to the previous supplier, Serbia’s public power utility Elektroprivreda Srbije (EPS). […]
Croatian HEP and French EDF want to establish cooperation in smart meters area
Croatian electric power company, Hrvatska elektropriveda (HEP), plans to strengthen cooperation with French power company EDF, Croatian press reported. The two companies plan to sign a cooperation agreement in the area of smart grids, smart meters, energy efficiency, electricity generation as well as research and development, the Croatian daily Jutarnji list reported. The daily stated […]
Romanian and Croatian governments announce IPO of state power utilities
Romanian and Croatian governments have announced plans to initiate IPOs of their state-owned power utilities, Hidroelectrica and Hrvatska elektroprivreda (HEP) respectively. The Croatian government plans to initiate the sale of more than 25 percent of HEP shares through the Initial Public Offer (IPO). The HEP shares will be offered to citizens, institutional investors, and employees, […]