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    Reference: 20160822
    Release date: 2 March 2017

    Promoter – Financial Intermediary

    HRVATSKA ELEKTROPRIVREDA DD

    Location

    Description

    Construction of a combined cycle gas turbine, heat and electricity cogeneration plant to replace obsolete, mostly oil-fired, environmentally non-compliant heat-generation assets in Zagreb

    Objectives

    The project will ensure reliable heat supply to the district heating network in Zagreb, improve the security of electricity supply in Croatia, increase competition on the Croatian electricity market and, thanks to the use of gas (replacing heavy fuel oil) and highly efficient cogeneration, decrease pollution levels and contribute to reaching efficiency targets. The project will be implemented in a less developed region as defined by the Commission Implementing Decision 2014/99/EU. The programme is therefore eligible under Article 309 a) Projects for developing less-developed regions, and c) Common Interest of the Treaty on the Functioning of the European Union.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 43 million

    Total cost (Approximate amount)

    EUR 195 million

    Environmental aspects

    A positive environmental impact assessment of the project took place in 2014 and identified no major negative impact. Public consultations raised no complaints. The decision on the environmental acceptability of the project was issued by the Ministry of Environment and Nature Protection on 17 July 2014.

    Procurement

    The promoter has already started the procurement based on European Bank for Reconstruction and Development (EBRD) public procurement rules. These are acceptable for the EIB and comply with the relevant EU procurement legislation.

    Status

    Signed - 24/07/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Croatia Energy