HEP GETS SYNDICATED LOAN WORTH DM160 MILLION

BRIJUNI, May 22 (Hina) - Representatives of Croatian Electric Utility (HEP) and a consortium of 19 European and world banks on Friday signed a contract on a syndicated international loan worth DM160 million. HEP intends to use the loan for the reconstruction of a thermo- electric power plant in Zagreb worth DM100 million; also for the construction of a 400 kilovolt Croatia-Hungary transmission line worth DM50 million, as well as for the movement of a gas power plant in Zagreb, which will be an investment worth DM10 million. The contract was signed by president of HEP's board, Damir Begovic, and the vice-president of the National Parisian Bank, Kevin Murray, on behalf of the consortium of European and world banks. Among the 19 European and world banks which signed the contract today, there was also a bank from Croatia - Dalmatinska banka d.d. Zadar. (hina) jn jfk/mrb 221840 MET may 98