Business News

GEN-I to Supply Electricity to Zagreb until 2015

Zagreb, 05 July (STA) - The Croatian subsidiary of GEN-I, the company selling electricity from the Krsko nuclear power plant, has won a tender to supply electricity for public surfaces in the city of Zagreb until 2015. The news was confirmed for the STA on Tuesday by GEN-I management board member Dejan Paravan, who said the deal was worth some EUR 6.6m.

Paravan could not yet tell when the deal will be signed, as the city administration can only pen it after the city council confirms the tender. Croatian paper Vecernji list said today this should not be a problem.

"All procedures until now have been performed very professionally and therefore GEN-I is looking forward to working with a new client," said Paravan, adding that GEN-I operated in 16 countries.

The Zagreb city administration said the price of GEN-I (EUR 66.4 per 1 MW/h) was much lower than what it was paying to Croatian electricity distributor Hep. Vecernji list reported that Zagreb would save between EUR 1.3m and EUR 2.1m as a result of the deal with GEN-I.

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