The EBRD is considering providing a senior, sovereign guaranteed loan to Croatia's Hrvatska Elektroprivreda d.d. The financing, when approved by the EBRD’s Board of Directors, will enable the Borrower to build the 68 MW Ombla hydroelectric power plant on the Rijeka Dubrovačka bay near the City of Dubrovnik.
Hrvatska Elektroprivreda d.d. is the holding company which owns 100 per cent of the shares in the unbundled subsidiaries of Croatia’s national utility company, HEP Group. HEP is active in the areas of generation, transmission and distribution of electricity as well as generation and distribution of thermal power and gas. The Borrower is fully owned by the Croatian state.