HoSt Croatia's Djuro Djakovic to Sign 35.2 Mln Euro in Deals with HEP

Croatian diversified holding company Djuro Djakovic said on Thursday it will sign as part of a consortium with Dutch partner HoSt two deals with Zagreb-based state-owned energy utility HEP totaling 35.2 million euro ($37.8 million).

On April 10, the consortium will sign a 16.25 million euro deal for the construction in the eastern town of Osijek of a cogeneration biomass-fired power plant with 2 MWe electrical power capacity and 10 MWt thermal energy capacity, Djuro Djakovic said in a filing to the Zagreb bourse.

Next week, Djuro Djakovic and its partner will also sign a 18.95 million euro deal with HEP for the construction in the central town of Sisak of a cogeneration biomass-fired power plant with the same technical specs.

The timeframe for the completion of the works is 24 months after the signing of the contract.

Enschede-based HoSt supplies anaerobic digesters for the agricultural and industrial manufacturing sectors, wood-fired boilers and combined heat and power plants and fluidized-bed gasifiers.

The main lines of business of the Djuro Djakovic conglomerate are the manufacturing of equipment for steelworks, industrial and power plants and the production of rolling stock and special-purpose motor vehicles.

HEP group owns and operates over 4,000 MW of installed generation capacity and 974 MW of heat production capacity, including 25 hydroelectric plants and eight thermal power plants fired by oil, natural gas or coal.

Source: SeeNews