Croatia: Power utility HEP plans 468MEUR investment cycle into HPP modernization

Croatian state-owned power utility HEP announced it should increase its hydro power capacity by an additional 111-124 MW thanks to a 468.9 million euro investment cycle, it was confirmed to Serbia Energy.

The implementation of these hydro power investments and upgrades should raise overall annual production by around 300 GWh, HEP said in a statement to Serbia Energy.

The investment program spans funds spent so far on hydro power plant (HPP) upgrades (987 million kuna), investments earmarked for the next five years (2.1 billion kuna) and such budgeted for the period beyond (540 million kuna).

HEP group owns and operates over 4,000 MW of installed generation capacity and 974 MW of heat production capacity, including 26 hydroelectric plants and eight thermal power plants fired by oil, natural gas or coal.

HEP generated 14.7 TWh of electricity in 2013, up 21.1% on the year, with its HPPs contributing 8.1 TWh of total output.

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