Czech energy investment group GEEN Holding opened a 1.0 billion 39.2 million euros biomass-fired combined heat and power plant in Croatia, its second in the Adriatic country.
The new power plant in Zupanja, eastern Croatia, has a capacity to produce 4.96 MW of electricity and 8 MW of heat, news agency iBrno.cz reported last week, quoting company information.
The Zupanja plant, which has successfully completed a period of trial production, will produce 40 GWh of electricity per year, burning wood chips and pellets.
GEEN’s first biomass-fired plant in Croatia started operations in Benkovac, in Zadar county, last year. The company plans to open a third such facility in the Adriatic state, iBrno.cz reported.
The total investment in the three plants is seen at 120 million euros, while the estimated annual revenue from the investment is expected to total of 24 million euros.