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CROATIAN POWER COMPANY PREPARES TO ENTER JOINT PLANT AGAIN

ZAGREB, Feb 26 (Hina) - The Croatian Power Company (HEP) management expressed its pleasure with the fact that after five years HEP would be allowed to realise its ownership status in the Krsko Nuclear Power Plant, HEP reported today after on Tuesday the Slovene government ratified an agreement on the joint plant, located in the Slovene town of Krsko on Tuesday.
ZAGREB, Feb 26 (Hina) - The Croatian Power Company (HEP) management expressed its pleasure with the fact that after five years HEP would be allowed to realise its ownership status in the Krsko Nuclear Power Plant, HEP reported today after on Tuesday the Slovene government ratified an agreement on the joint plant, located in the Slovene town of Krsko on Tuesday. #L# At the moment, HEP is satisfied with the fact that after virtually five years, the company will be allowed to realise its ownership status in the Krsko power plant, that is, to once again take control of this plant. Slovenia's parliament ratified the bilateral agreement on the regulation of status and other rights relating to investment, use and dismantling of the Krsko power plant. The deal was ratified by the Croatian Sabor on July 3, 2002. HEP reminded that in order for the agreement to come into force, it was necessary for Slovenia to inform Croatia through diplomatic channels of the ratification of the agreement. Once the Croatian government announces that it has received a diplomatic note, HEP will begin preparations for implementing a contract concerning the power plant. The bilateral agreement on the power plant was signed in Krsko on December 19, 2001 at the ministerial level. The same day, the HEP CEO, Ivo Covic, and the director of Slovenia's ELES, Vekoslav Korosec, signed the above-mentioned contract that operationalised the model for managing jointly the power plant. (hina) sp ms

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