Croatia's Djuro Djakovic signs 71.1 mln kuna (9.6 mln euro) deal with local company

Croatian diversified group Djuro Djakovic [ZSE:DDJH-R-A] said on Thursday it has signed a 71.1 million kuna ($10.9 million/9.6 million euro) deal with local energy and construction company Geoen for the construction of a geothermal power plant near the country's central city of Bjelovar.

Djuro Djakovic will be tasked with building the Velika 1 plant, commissioning it and connecting it to the grid, as well as with the construction of the supporting wells and pipelines, it said in a Zagreb bourse filing.

With this project, Djuro Djakovic Group will strengthen its position on the market as it continues to invest in energy projects that increase the share of renewable energy sources in Croatia.

(1 euro=7.41012 kuna)

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