Business

Ina to Set Up Two Solar Power Plants

By 20 January 2022
Ina to Set Up Two Solar Power Plants
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ZAGREB, 20 Jan 2022 - The INA oil company and the Končar electrical, transport, and energy company have signed a contract for the construction of the solar power plants Virje and Sisak, INA reported on Thursday.

The Virje solar power plant will be built as part of INA's gas processing facility Molve while the plant in Sisak will be located on INA's industrial premises and is one of the projects to transform the former refinery into a modern industrial center, INA said in a press release.

The power plants will be able to produce 16,000 megawatts of electricity a year, which can cover the average consumption of 4,800 households in Croatia or cities the size of Makarska or Jastrebarsko.

Works at both sites are expected to start in the spring and should be completed during 2023.

The project is yet another step in the process of transforming INA into an energy company and is in line with our development guidelines. Our aim is to upgrade the existing value chain and these solar power plants are the start of creating a sustainable portfolio in producing electricity from renewables. With this project, INA will contribute to supply security and to compliance with the climate objectives Croatia has taken on as an EU member, INA Management Board President Sandor Fasimon said.

Končar's Management Board President Gordan Kolak said that state-of-the-art technology would be used to construct the solar power plants. Končar won the tender amid stiff international competition.

For more, check out our dedicated business section.

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