Croatia, HEP is currently in talks on the possible takeover of GPZ

, SEE Energy News

Croatian Minister of Economy and Sustainable Development Tomislav Coric said that state- owned power utility HEP is currently in talks on the possible takeover of natural gas distributor and supplier Gradska Plinara Zagreb (GPZ).

Last month, Minister Coric blamed the management of GPZ for significant increase in the price of gas for commercial consumers because it failed to procure sufficient gas volumes at lower prices on time. Instead, GPZ opted for the termination of previous contracts and signing of new contracts at much higher prices.