hse group

2.14 IMPORTANT EVENTS AFTER THE END OF THE FINANCIAL YEAR
Krπko Nuclear Power Plant
The bilateral contract on the Krπko
nuclear power plant (NEK) became
valid on 11 March 2003. The Croatian
Sabor (parliament) ratified the contract,
which was signed by the Slovenian and
the Croatian government on 19 December
2001, on 3 July 2002, while the
National Assembly of the Republic of
Slovenia did the same on 25 February
2003.
Ratification of the NEK agreement in
the Slovenian parliament represents a
foundation for the supply of one half of
power generated by the nuclear plant
to HEP (Hrvatska Elektroprivreda -
Croatian power supplier and trader).
This means that HSE will have to
ensure substitute power from the commencement
of supplies to Croatia until
the end of 2003.
A part of additional supplies will be covered
by additionally engaging the subsidiaries’
production units, especially at
TE© (©oπtanj thermal power plant). But
using merely our own production
sources would not enable us to meet
all of our liabilities, which means that a
part of additional quantities will have to
be imported. As the available crossborder
capacities at the Austrian - Slovenian
border will not be sufficient for
the coverage of HSE requirements, a
part of the demands will have to be
met by importing via the Croatian - Slovenian
border.
Elektro.TK d.o.o.
The HSE stake in the establishment of
Elektro.TK d.o.o., which makes the company
the owner of a 19% share in the
new enterprise, was paid in at the
beginning of 2003.
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