DRAVA, KUPA, RJE»INA, LOKVARKA, LI»ANKA LIKA, DOBRA ...

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HEP ANNUAL REPORT 2010
CHAPTER 8 - REPORTS BY OTHER HEP GROUP COMPANIES
HEP-OBNOVLJIVI IZVORI
ENERGIJE d.o.o.
GORAN SLIPAC
DIRECTOR
HEP-OBNOVLJIVI IZVORI ENERGIJE (HEP Renewable Energy Sources) in 2010 continued to develop the priority projects
– wind parks Krš Pađene and Pađene, bio-cogenerating plant Velika Gorica, and solar photovoltaic power plants
Concerto Hvar and Konjsko. Also, the company has been very active in development of other renewable energy
projects.
At the beginning of 2009, HEP signed a contract with the German development bank KfW, for a loan and a
grant. Loan proceeds in the amount of 50 million euros were allocated to HEP- Obnovljivi izvori energije for renewable
energy power plant projects and to HEP ESCO for energy efficiency projects.
The grant, its smaller portion, was used to buy specialized software for wind potential assessment and staff
training, and a larger portion was used for consultancy services in the preparing of wind projects. Loan proceeds have
started to be used, namely, for the putting up of three measure poles to gauge wind characteristics, 100 meters in
height, and for preparation of documentation for the siting permit for the bio-power plant Velika Gorica. In further
biomass power plant project development cooperation is expected with other HEP Group members, primarily with
HEP Toplinartsvo, HEP Proizvodnja and HEP ESCO.
Also, a campaign has been launched to measure wind characteristics in several locations in southern and
mainland Croatia, which will by the end of 2011 show the potential and profitability of these locations. The company
was also actively working towards including the locations in county physical plans, which will be continued
in 2011. Further, initial talks were held with wind generating set manufacturers who all expressed their interest in
wind power projects of HEP OIE.
An important contact was established, that with the European bankers fund Western Balkan Investment
Framework, for which project proposals have been prepared. If project proposals pass all evaluation rounds, HEP OIE
will receive a grant for the development of several promising projects, wind power plants and small power plants.
Activities relating to European FP7 project of photovoltaic power plant Concerto Hvar continued. Specifically,
the project, Solution, is aimed at encouraging public and private partners in creating self-sustained municipalities
by applying energy efficiency measures and using renewable energy sources. The project involves 17 partners from
Switzerland, Finland, Austria, Slovenia and Croatia with the island of Hvar chosen as a showcase area. HEP-Obnovljivi
izvori energije d.o.o. is a potential investor in a solar power plant, on the model of co-financing by EU funds.
The successful cooperation with the Ministry of Economy, Labor and Entrerpreneurship continued concerning
registration of projects for co-financing from structural funds of the EU.
In the area of environmental protection, the Company’s plan for the implementation of renewable energy
projects was included in the Plan for CO 2 emission reduction of HEP Group.
The work to develop new competencies and raise awareness of the role of renewable energy sources continued
inside and outside HEP, in the professional community and general public. For this reason, HEP OIE was strongly
present in HEP’s publications, including HEP’s redesigned website, and at professional gatherings and conferences.
Accordingly, it can be concluded that fulfilling of the objectives has successfully continued, in accordance with
the Company’s mission and vision, that further development of quality projects continued and that the activities
within European projects opened the opportunities for further progress and expansion and better positioning of HEP
OIE in the domestic and foreign market.