Croatia posts tenders for future geothermal power production
Date: December 29th 2022
Croatia's state hydrocarbon agency Azu posted tenders on Wednesday for exploration of geothermal water resources at six locations in northern Croatia for the potential production of 600,000 MWh of electricity a year.The tenders, which opened on 28 December 2022 and will close at noon on 1 June 2023, apply to locations in four northern Croatian counties covering a combined area of 200 square kilometres. The counties included are Medjimurje, Koprivnica-Krizevci, Podravina and Osijek-Baranja.
“In that area, considerable geothermal potential has been identified at already existing drills developed for the exploration and exploitation of gas and oil. It considerably reduces the risk and expenses of future investors,” Azu said in a statement on its website.
It said that the underground temperature at all six locations makes the production of electricity feasible.
“The combined production potential of all locations is 600,000 MWh of electricity annually. The overall expected value of the investments is more than EUR 400m,” Azu said.
The details of the tenders for each exploration site have been posted on the agency’s website.
Azu director Marijan Krpan said in the statement that he believes that the geothermal energy could contribute to the stability of Croatia's energy system.
“According to current, conservative assessments, we may be able to construct geothermal power plants with a capacity of 1 GW using the geothermal resources identified so far,” Krpan said.
The construction of the power plants will start once the investors determine the exact geothermal potential at each of the locations included in the tender, Azu added.
This article is available also in Slovene.