GEEN launches second biomass-fired power plant in Croatia - report

Czech company GEEN Holding has opened a 1.0 billion koruna ($43.3 million/39.2 million euro) biomass-fired combined heat and power plant in Croatia, its second in the Adriatic country, Czech media reported.

The new power plant in Zupanja, eastern Croatia, has a capacity to produce 4.96 MW of electricity and 8 MW of heat, news agency iBrno.cz reported last week, quoting company information.

The Zupanja plant, which has successfully completed a period of trial production, will produce 40 GWh of electricity per year, burning wood chips and pellets.

GEEN's first biomass-fired plant in Croatia started operations in Benkovac, in Zadar county, last year. The company plans to open a third such facility in the Adriatic state, iBrno.cz said.

The total investment in the three plants is seen at 120 million euro, while the estimated annual revenue from the investment is expected to total 24 million euro.

GEEN Holding is an energy, engineering and investment group comprising 31 companies. It is oriented towards developing renewable energy sources and is present in the Czech Republic, Slovakia, Croatia and Georgia.

(1 euro = 25.5370 Czech koruna)

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