Croatian project could kick start further development
Landscape at Slatina, Croatia (source: flickr/ Lidach.vtc, creative commons)
Francisco Rojas
18 Sep 2014
The future geothermal power plant and a spa will be located in Draskovec, Croatia and will be funded via EU funds and through the national budget.
According to local news, President Ivo Josipovic visited the site of a future geothermal power plant and a spa at Draskovec in the northern County of Medjimurje on Wednesday.
Its construction will be financially supported by the European Commission with a grant of 14.7 million euros. It is one of the 19 projects for which the Commission has earmarked a billion euros as part of its programme aimed at combating climate change.
Josipovic said he believed that there would be more such projects in Croatia and that it was time Croatia began absorbing more funds from the EU.
“We have an entire Croatian budget at our disposal by 2020 and those funds can help us boost the economy with greater determination,” the president said.
He said that the private sector, unlike the public sector, was successful in attracting EU funding, and that the government was seeking a model to ensure support and favourable credit lines for good projects.
The power plant is expected to produce seven megawatts of electricity initially and 17 megawatts later on. Production of 40 megawatts of heating energy is also planned and a surplus of heating energy would be used for the future medical and tourist complex “Hortos Croatia” (Garden of Croatia).
To read the full news piece, please follow he link below:
Source: Dalje Website
