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Plomin Holding d.o.o. develops local infrastructure and entrepreneurial projects in the vicinity of the Plomin power plant. HEP-Nastavno-obrazovni centar, Velika, (HEP Training and Education Center) is an educational institution which, in addition to providing training in live work, conducts secondary school programs for adults and organizes professional gatherings, seminars and courses. NE Krško d.o.o. (Nuklearna elektrana Krško), Republic of Slovenia, is a company outside HEP Group, co-owned by HEP d.d. and GEN Energija (50%:50%). LEGAL FRAMEWORK The Republic of Croatia has been systematically harmonizing its legal framework for the energy sector with the relevant European Union legislation. Accordingly, HEP Group has been continually adjusting its operations and organizational structure in order to efficiently adapt to the emerging and expected changes. In June 2009 the EU adopted a third energy legislative package, consisting of two guidelines governing the internal electricity market and natural gas market, two regulations which lay down requirements for network access for cross-border electricity exchange and network access for natural gas transport, and a regulation establishing the Agency for Cooperation of Energy Regulators. The time-limit for the implementation of the measures laid down in the third energy package was March 3, 2011. Because Croatia is now in the EU accession process, numerous activities have begun to adjust the national legal framework to the changes required by the third package. HEP is carrying out preparatory activities for adjustment on the basis of ITO (Independent Transmission Operator) model which has been chosen out of the three possible models as strategically the most favorable for the electricity sector. CHANGES IN THE NATIONAL ENERGY SECTOR LEGAL FRAMEWORK IN 2010 Within the legal framework governing the functioning of electricity, heat energy and natural gas markets, in 2010 the following pieces of primary or subordinate legislation were amended: The Act Amending the Heat Energy Production, Distribution and Supply Act - The Act Rescinding the Hrvatska Elektroprivreda d.d. Privatization Act - Amendment to the Tariff System for the Services of the Energy Activities of Production, Distribution and Supply - of Heat Energy, without the amount of tariff items Amendments to the Tariff System for Electricity Supply, with the exception of eligible customers, without the - amounts of tariff items Amendments to the Tariff System for Electricity Production, with the exception of eligible customers, without - the amount of tariff items Amendments to the Tariff System for Electricity Distribution, without the amount of tariff items - Amendments to the Tariff System for Electricity Transmission, without the amount of tariff items - Regulation on the amount and method of payment of concession charges for gas distribution and of concession - for construction of the distribution system Amendments to the Tariff System for Natural Gas Distribution, without the amount of tariff charges - Amendments to the Tariff System for the Services of the Energy Activities of Heat Production, Distribution and - Supply, without the amount of tariff items Decision on the amendment to the Decision on the implementation of measures for mitigation of electricity - price increase for citizens and households Regulation on the amendments to the Regulation on greenhouse gases emission quotas and method of - emission units trading Rules on the organization of natural gas market - Act Amending the Energy Act - Amendments to the Rules on the electricity market functioning - Decision on the implementation of a special measure for mitigation of price increase of natural gas in house- - holds in 2011 13 HEP ANNUAL REPORT 2010 CHAPTER 1 - COMPANY PROFILE
14 HEP ANNUAL REPORT 2010 CHAPTER 1 - COMPANY PROFILE OPENING OF THE ELECTRICITY MARKET The electricity market in Croatia has been fully opened since July 1, 2008. Although all conditions were fulfilled at that time for the market to properly function, real changes happened in 2010 when, besides HEP Opskrba, three suppliers outside HEP Group began to actively participate in the market. Specifically, in the second half of 2010 first cases of supplier switch occurred, especially in the public sector, based on open tendering procedures. The supplier switching rate continues to grow and active participation of suppliers outside HEP Group requires certain qualitative changes in the market regulation, among other things, amendments to the Electricity Market Act and to the Electricity Act. These changes are also required by the EU directive, which will additionally influence the electricity market in Croatia to improve. ENERGY STRATEGY The Energy Development Strategy of the Republic of Croatia (official gazette Narodne Novine130/09) sets three basic energy objective for the period to 2020: security of electricity supply, competiveness of the energy system, and sustainability of energy development. For the electricity sector, it is projected that the average annual growth of total electricity consumption by 2020 will be about 3.5 percent. This means that total electricity consumption will be about 28 TWh in 2020 with a peak load of about 4,600 MW. For the projected consumption, the Strategy envisages construction of 2700 MW of base-load generating capacity, of which 300 MW in large hydro power plants and 2,400 MW in thermal power plants; in 2012 the Croatian Parliament is expected to take position on a potential construction of a nuclear power plant based on preliminary work and investigations. The Strategy envisages intensive construction of power generating facilities that use renewable sources, with all standard technologies applied such as wind parks, biomass power plants, small hydropower plants, biogas power plants, geothermal power plants and solar power plants. The objective is to maintain the share of production from large hydropower and renewable energy sources in total electricity production at present level in the period to 2020 so that it is 35 percent in 2020. Besides the generating component, the Strategy envisages continuous physical and technological development of transmission and distribution networks. Regarding the use of heat energy, the Strategy predicts a growth in customer district heating connections of 2.1 percent a year and energy development of towns and villages that is systematically planned and consisting of complementary development of natural gas supply and district heating system. The Strategy also envisages encouragement of construction of distributed heat and electricity sources, as complementary systems to large energy systems. STRATEGIC GOALS AND DEVELOPMENT HEP Group directs its total resources toward the achieving of several basic strategic goals: - provide secure supply of electricity, heat energy and natural gas to customers, - provide public services at top quality - apply the sustainable development concept in all areas of activities and business, - ensure long-term competitive advantage. Proper management of existing resources is one of the most important continuous tasks of HEP employees, aimed at their optimum use and development. In 2010, the Government adopted two documents very important for the functioning and development of the Croatian electricity sector – Conclusion about the determination of priorities of construction of electric power projects, and a Catalogue of projects of interest for the Republic of Croatia, in which projects in the area of energy, especially construction of power plants, are strongly present.
Page 1 and 2: DRAVA, KUPA, RJE»INA, LOKVARKA, LI
Page 3 and 4: HEP ANNUAL REPORT 2010 2 HEP GROUP
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In conclusion, I can say that busin
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