HEP

S&P upgrades HEP power utility's rating

Standard & Poor's (S&P) on Friday upgraded the credit rating of Croatia's power utility HEP to BB from BB -, largely due to improved liquidity.

HEP to supply electricity to Slovenian Railways

Croatia's national power provider Hrvatska Elektroprivreda (HEP) on Friday signed an HRK 26.5 million agreement with Slovenian Railways for the supply of electricity over the next three years, HEP...

HEP earns HRK 1.2 bln in net profits, invests HRK 175 mln in H1

The HEP power supplier earned net profits in the amount of HRK 1.2 billion in the first half of 2016, which is HRK 276 million more than in the same period last year, and its investments grew by...

Minister says making profit must not be main goal of state-owned companies

Enterprise and Crafts Minister Darko Horvat said on Thursday that making profit should not be the prime objective of the HEP power company and other public companies, adding that state-owned...

1,500 to leave HEP power company by end of 2017

Approximately 1,300 people will leave the Croatian power company HEP next year through scheduled and early retirement and another 200 will be sent to a new public supply company, HEP reported on...

HEP makes EUR 212.8m in profit in 2015

The HEP power utility made HRK 1.6 billion in profit in 2015 and the general assembly decided on Monday to set aside HRK 525.7 million as retained profits from regular business and HRK 634.3...

Panenic: EC sees HEP-Marubeni cooperation in Plomin C as unacceptable support

Speaking to reporters in Split, Panenic said the note would be considered. He said it was very important that both companies responded to the Commission's opinion so that "a final solution...

Gov't to decide on lower gas price, noise maps

The Croatian government, which will convene on Wednesday, is expected to make decisions that will lead to a cut in natural gas prices for households between 15-20%.

HEP to invest HRK 3.5 bn for reconstruction of power plants

The president of the Management Board of the national electricity provider HEP, Perica Jukic, on Friday said that the company would invest HRK 3.5 billion by 2020 in the reconstruction and...

Activists: Analysis shows Plomin C not feasible

Green Action and DOOR on Monday presented the results of the analysis and said that they would send the study to the government, relevant ministries, parliamentary committees and benches and to...

Moody's affirms Croatian power utility's rating, stable outlook

Moody's Investors Service on Friday affirmed the Ba2 credit rating of Croatian national electricity company Hrvatska Elektroprivreda (HEP) and a stable outlook because of HEP's good financial...

HEP rejects RWE's accusations of market obstruction

Croatian state-owned power provider HEP on Tuesday rejected accusations by its rival RWE Energija that it was obstructing the liberalisation of the Croatian electricity market with the aim of...

Slovenia pays Croatian provider EUR 42m for undelivered electricity

Part of the money came from the budgetary reserves of the environmental ministry and part through the reallocation of other ministries' unused funds.

Slovenian PM unpleasantly surprised by finding for Croatia's HEP

Cerar did not bring the ruling into question and is seeking a solution together with Finance Minister Dusan Mramor.

Slovenia must pay more than EUR 40 mln to HEP for undelivered electricity

The tribunal decided that Slovenia must pay damages in the amount of some EUR 20 million, plus interest, and 10 million US dollars to cover HEP's legal fees.