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Croatian power supplier, TLM and Aluminij ink deal on power supply

SIBENIK/MOSTAR, July 1 (Hina) - The Sibenik-based light metal factory TLM, the Mostar-based Aluminij company and the Croatian power supplier HEP on Thursday signed a tripartite agreement on the sale of 100 megawatts of electricity to the Mostar aluminium producer, the TLM and Aluminij companies reported on Friday.

The electricity will be sold at a price of EUR 42.75 per megawatt-hour, which is the rate determined by the Croatian Energy Regulatory Agency (HERA).

According to Aluminij, this price is higher than the price before the suspension of electricity delivery caused by a scandal implicating HEP which was held responsible for providing the Mostar company with cheap electricity. The difference in the price will now be covered by the Sibenik-based TLM and Aluminij.

The agreement will be in place by the end of this year.

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