Shareholdings and Investments

Management Company Structure Shareholdings and Investments

Shareholdings and Investments

The business activities of innogy in Croatia since 2013 are managed by RWE Hrvatska d.o.o., headquartered in Zagreb. RWE Hrvatska participates in the energy value chain through sale of electricity (RWE Energija d.o.o.), sale of gas (RWE Plin d.o.o.), in water treatment (ZOV d.o.o.), as well as through developing projects of renewable energy sources in partnership with HEP (Novenerg d.o.o.).

ZOV

The Zagrebačke otpadne vode d.o.o. (ZOV) was founded in 1998 and charged to plan, finance and erect the WWTP Zagreb as well as the related infrastructure.

Contract:
Financing, planning, erection, operation and maintenance of WWTP Zagreb (for 1,2 mill. Inhabitant Equivalent, IE)

Contract duration:
28 years, until December 15th, 2028

Project structure:
ZOV d.o.o. (Project company): 48,5 % RWE
SRV d.o.o. (Construction company): 50 % RWE
ZOV uip d.o.o. (Operating company): 33 % RWE

Construction time:
5 years (July 2002 – August 2007)

TE Plomin

After nearly 20 years of successful cooperation on construction and commissioning the thermal power plant Plomin 2 in Istria, the European energy giant RWE Energie has ended its strategic partnership with HEP in the TE Plomin d.o.o. on 28th of May, 2015. On this date the BOT (Build-Own-Transfer) contract, signed by the two parties in 1996, expired, thereby transferring the thermal power plant Plomin 2 into 100 percent ownership of HEP.

“RWE was the first large investor that came to Croatia, immediately after the war, in a moment when Croatia needed a reliable and serious strategic partner to realize such a large and complex project. Our cooperation in Plomin is one of the most successful stories of strategic partnership in Southeastern Europe. We believe that we shall continue to successfully cooperate with HEP in the new joint company, Novenerg,” stated Karl Kraus, the president of the Board of RWE Hrvatska.

Novenerg

HEP and RWE have founded a new joint company, Novenerg, on 1st of July 2015, in order to manage projects in the segment of renewable sources in Croatia, as well as other countries of Southeastern Europe.

HEP and RWE have 50 percent of shares, each, based on the founding capital of the new company, headquartered in Zagreb. Novenerg is tasked with strategic assessment and analysis of potential investments into capacities for production of electricity from renewable energy sources, the development of decentralized projects, acquisitions, development of projects for waste-to-energy generation, optimization and increases of efficiency of existing facilities, as well as offering services of technical consulting.

RWE