Croatia’s HEP joins Central Europe Energy Partners

Croatia’s HEP joins Central Europe Energy Partners

HEP (Hrvatska elektroprivreda) – Croatia’s leading energy company – has become the 25th member of Central Europe Energy Partners (CEEP). Less than two years after Croatia joined the European Union, the country’s oldest power company strengthens the position of the major body representing the interests of Central Europe’s energy and energy-intensive industries. CEEP’s activity is particularly important for countries which joined the EU after 2004. In their energy mix, they are to a large extent dependent on fossil fuels or imports from outside the EU. CEEP actively seeks to reduce the disparities in economic conditions and development between the EU countries. It also advocates for the integration of energy systems in Europe through the North–South Corridor, combining Central Europe’s key parts of the energy and gas infrastructure. This is strategically important both for Croatia, whose dependency on energy import is 52.3%, as well as for the stability of the whole EU’s energy market having in mind, among others, Krk LNG Terminal. “At CEEP, we strongly believe that access to low energy prices is one of key drivers of economic growth. We make energy producers and consumers across the continent speak with one voice. With HEP onboard, this voice will be stronger, given the company’s position and Croatia’s role as one of the region’s energy bedrocks. Together with HEP, we share the understanding of the role of the energy sector in stimulating the economic growth in Europe. I am glad we will be working together on providing the EU with stable legal environment and the security of energy supplies,” said Paweł Olechnowicz, Chairman of the Board of Directors, Central Europe [...]

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