ZAGREB, July 12 (Hina) - The Croatian Electricity Board (HEP)
finished the previous financial year with a profit of 53.3 million
kuna (DM 15.2 million), director Damir Begovic told a session of
the HEP General Assembly on Friday.
The profit was a result of the consolidated balance conducted
by the audit house Price Waterhouse of Budapest, whose report was
adopted by the HEP General Assembly at this session.
"The period of the financial consolidation of HEP is over and
conditions have been created for a new investment cycle," Begovic
said.
At the instigation of the management and the supervisory
board, the General Assembly decided to earmark more than 50 million
kuna (DM 14.3 million) for the reconstruction of war-damaged HEP
buildings.
According to the report, 45.3% of electric power was produced
by hydroelectric plants and 44% by the Krsko nuclear power plant
while 10.7% was imported.
Following a Croatian military operation which crushed Serb
rebellion in central Croatia last summer, HEP regained possession
of several important hydroelectric power plants such as Obrovac,
Miljacka, Golubic and Krcic, and repaired power-transmission lines
in the area.
(hina) vm jn
121724 MET jul 96
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