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Croatian power supply company signs cooperation agreement with USEA, AEP

WASHINGTON, April 23 (Hina) - Croatia's power supply company HrvatskaElektroprivreda (HEP) signed an agreement in Washington on Friday withthe US Energy Association (USEA) and the American Electric Power (AEP)company, which are expected to help in HEP's restructuring and inopening the electric power market in Croatia.
WASHINGTON, April 23 (Hina) - Croatia's power supply company Hrvatska Elektroprivreda (HEP) signed an agreement in Washington on Friday with the US Energy Association (USEA) and the American Electric Power (AEP) company, which are expected to help in HEP's restructuring and in opening the electric power market in Croatia.

The memorandum of understanding was signed at the Croatian Embassy by HEP's CEO Ivan Mravak and USEA's deputy programme director Gene Fominykh.

The partnership programme, to be financed by the US Agency for International Development, is expected to enable the transfer of AEP's knowledge and experience to HEP in the development and reform of the electric power sector. It has been signed for a one-year period and might be extended if the two sides are satisfied.

The Croatian delegation visited AEP, the second largest company in the United States, in Ohio.

USEA is a nongovernmental organisation implementing projects abroad which are funded by the US government.

Mravak told Hina another reason for the visit was to consider the US experience in privatisation.

The Croatian delegation included Mravak, HEP officials, and the assistant economy minister for power and mining, Zeljko Tomsic. They also visited Citibank and PricewaterhouseCoopers in New York and the World Bank in Washington.

Mravak announced that Zagreb would host a workshop in mid-May on the opening of the electric power market and HEP's restructuring, to be organised by the European Commission, with the participation of the World Bank and USAID.

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