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HEP TO MAKE INVESTMENTS WORTH 2.3 BILLION KUNA IN 2003

ZAGREB, Jan 29 (Hina) - The Croatian power company HEP will this year make investments worth around 2.3 billion kuna (around EUR307 million), with a significant part of the investments referring to four important transmission network projects. The projects include the reconstruction of the transformer station Ernestinovo, the construction of the transformer station Zerjavinec and the construction of facilities from the Split and Rijeka programmes.
ZAGREB, Jan 29 (Hina) - The Croatian power company HEP will this year make investments worth around 2.3 billion kuna (around EUR307 million), with a significant part of the investments referring to four important transmission network projects. The projects include the reconstruction of the transformer station Ernestinovo, the construction of the transformer station Zerjavinec and the construction of facilities from the Split and Rijeka programmes. #L# Presenting the projects at a news conference on Wednesday, HEP director Ivo Covic said investments in the transmission grid were important for increasing the security and stability of power supply. Other investments refer to the reconstruction of the distribution network in the entire country and investments in production facilities as well as the modernisation of existing facilities and preparations for the construction of new ones. This includes the reconstruction of the Peruca and Zakucac water power plants (worth around 90 million kuna), reconstruction works in a number of thermal power plants and preparations for the reconstruction of the water power plants Senj and Dubrovnik. Many of these investments are important for the operation of the power market in South-East Europe. (hina) rml sb

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