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CROATIA HOSTING INTERNATIONAL SYMPOSIUM ON ELECTRICITY

CAVTAT, Nov 8 (Hina) - The price of electricity in Croatia will have togradually grow 20 percent in the next few years and a 10 percentincrease may be expected as early as 2005 in order to finance newinvestments which should not be delayed, Croatian Power Company (HEP)CEO Ivan Mravak has said.
CAVTAT, Nov 8 (Hina) - The price of electricity in Croatia will have to gradually grow 20 percent in the next few years and a 10 percent increase may be expected as early as 2005 in order to finance new investments which should not be delayed, Croatian Power Company (HEP) CEO Ivan Mravak has said.

He was speaking at an international symposium organised in Cavtat, southern Croatia, by the Croatian committee of the International Council on Large Electric Systems.

The event, which pooled more than 600 participants, focused on the liberalisation of the market and its effects on the price of electricity.

This liberalisation has increased the price of electricity everywhere and will not bypass Croatia, Assistant Economy Minister Zeljko Tomsic said.

Although 10 percent of Croatia's electricity market has been liberalised, everybody continues to buy electricity from HEP, which has the lowest price, said Mavrak.

The Cavtat meeting also addressed power sector management, telecommunications in a modern, restructured power sector, and experience in choosing new protection and management systems.

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