The Croatian Hydrocarbons Agency has issued geothermal exploration licenses for four areas to three companies in the regions of Slavonia, Podravina and Medimurje in Croatia.
The Croatian Ministry of Economy and Sustainable Development has made decisions on the issuance of geothermal exploration purposes for four exploration areas in the area of Slavonia, Podravina and Medimurje, as reported by Oie Hrvatska.
The license for exploration of geothermal waters for energy purposes in the exploration area Legrad-1 was obtained by the company GEO POWER ENERGY DEVELOPMENT doo (Zagreb). Furthermore, the company ENSOLX doo (Zagreb) received two permits for exploration in the exploration areas “Ernestinovo” and “Merhatovec”, while the license for exploration of geothermal waters in the exploration area “Lunjkovec-Kutnjak” was obtained by the company BUKO TERMAL doo (Mali Bukovec ), otherwise owned by Varazdin County and the Municipality of Mali Bukovec.
Recall, the Hydrocarbons Agency in June this year announced a tender for the exploration of geothermal water for energy purposes in four exploration areas for which nine bids were received from seven different bidders. The Commission for Conducting Tenders for Geothermal Research reviewed and evaluated the received bids and, in accordance with the Law, submitted a proposal for the allocation of permits to the Ministry of Economy and Sustainable Development.
As for the work programs, ie projects with which the companies competed, these are primarily geothermal power plants that will contribute to sustainable, clean and, most importantly, stable electricity production.
Marijan Krpan, President of the Management Board of the Hydrocarbons Agency, pointed out that these tenders are a clear indicator that geothermal projects can play an important role in the energy transition, but also be the backbone of green projects in the Republic of Croatia. Krpan also touched on the particularly difficult circumstances in which this tender took place.
“We received offers for all research areas and attracted investors, but also the local community. This is particularly important because the tender went at a time when all large companies were stopping research projects due to the uncertainty brought about by the pandemic. I believe that successful geothermal projects will be developed at these locations. We have enough domestic knowledge and experience, but also natural potentials that we must direct to those renewable sources from which the economy and the local community can benefit the most, “said Krpan.
It is worth emphasizing that the value of research work on these projects alone is estimated at almost HRK 152 million (around $28 million).
Source: Oie Hrvatska