Japan's Marubeni Named Preferred Bidder for Croatia's Plomin C TPP

Japans Marubeni Named Preferred Bidder for Croatias Plomin C TPP
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Τετ, 3 Σεπτεμβρίου 2014 - 12:59
Croatian state-owned power utility group HEP said on Tuesday Japan's Marubeni has been named the preferred bidderfor the construction and management of the Plomin C thermal power plant (TPP).
Croatian state-owned power utility group HEP said on Tuesday Japan's Marubeni has been named the preferred bidderfor the construction and management of the Plomin C thermal power plant (TPP).

HEP said in a statement it completed the second phase of the procedure for selecting a strategic partner on the project by ranking the three bidders which submitted their offers in late April.

The second-ranked bidder is the Abeins and Daewoo Consortium and the third-ranked one is Edison, HEP said.

The strategic partner will design, engineer, finance, build, operate and maintain the planned 800 million euro ($1.05 billion)500 megawatt coal-fired Plomin C power station.

The procedure will be continued in a form of negotiations with the preferred bidder. HEP aims to complete these talks by the end of this year and prepare the relevant contracts to be signed in early 2015.

HEP said earlier the construction of Plomin C is expected to get underway next year with 2019 targeted for its commercial launch.

HEP group (www.hep.hr) owns and operates over 4,000 megawatts (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.

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