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Croatia's Agrokor powers up 55 mln kuna (7.4 mln euro) biogas CHP plant

ZAGREB (Croatia), August 22 (SeeNews) - Croatian privately-held concern Agrokor said it inaugurated on Wednesday a biogas-fired combined heat and power (CHP) plant worth 55 million kuna ($9.2 million/7.4 million euro).

The launch of the 1.0 megawatt CHP plant marks Agrokor's entry into the production of clean energy, the conglomerate said in a press release.

Located in Gradec, 40 kilometres outside the capital Zagreb, the plant will be fuelled by biogas produced from organic waste, a by-product of Agrokor’s food production business.

The CHP plant will have an annual output of 8,000 megawatt-hours (MWh) of electric power and 9,000 MWh of heat. The electrical output will be supplied to Croatia’s power grid while the heat will be used by Agrokor for its operations at the Gradec site.

The European Bank for Reconstruction and Development provided a 5.0 million euro loan for the project.

At the formal opening, Agrokor executive vice president Mislav Galic said the CHP plant was just one of several ongoing investment projects. The concern plans to open shortly a sausage factory, a warehouse for finished goods, a packaging unit and a new loading and unloading ramp at the river port of Vukovar, Galic said.

Based in Zagreb, Agrokor is the largest company in Croatia, with operations in food and beverages, as well as food retailing.

(1 euro=7.4746 Croatian kuna)

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