Croatia planning new geothermal projects

Croatia planning new geothermal projects

Despite the ongoing coronavirus pandemic which has thrown a spanner in the works for many previously planned investment projects, not everything has been forced to grind to a halt or be put back on the shelf and await better economic circumstances. New Croatian geothermal projects are on the horizon for Slavonia, Podravina and Međimurje, as numerous bids arrive.

As Novac writes on 2 September 2020, as many as nine bids were received for the exploration of geothermal waters in four exploration areas in the areas of ​​Slavonia, Podravina and Međimurje, which were submitted by seven different bidders, the Hydrocarbons Agency reported on Wednesday.

The Hydrocarbons Agency announced tenders for four exploration areas in Croatia intended for the exploration of geothermal waters for energy purposes in early June, and the tender closed on Tuesday, September 1st, 2020.

These are the research premises of Ernestinovo, Lunjkovec-Kutnjak, Legrad-1 and Merhatovec, and the Tender Commission determined that nine bids from seven different bidders were received for the tender on this upcoming Croatian geothermal project.

“The next step is the evaluation of the received bids, but it’s already clear that the tender, despite these challenging times, was a big success as bids were received for all of the announced locations, and the applicants are reputable Croatian and foreign companies with experience in developing geothermal projects”, a statement from the aforementioned agency notes.

They announced that they will present all of the details around the potential investors and proposed projects after the Commission properly evaluates the received bids.

“Croatian geothermal projects have the potential to become the flagship of the energy transition, given that the exploration will take place in areas for which geothermal potential has been determined on wells initially drilled for in the exploration and exploitation of oil and gas”, the Hydrocarbons Agency concludes. /ibna