Germany's RWE bows out of Croatian power plant tender
London, 14 September (Argus) — German utility RWE said it will not take part in Croatian state-owned utility HEP's tender to find a strategic partner to build a new coal-fired power plant at Plomin.
“This decision is mainly founded by adjustments in RWE's strategy regarding the structure of its European power plant portfolio and current capital constraints,” the German utility said.
RWE holds a 50pc stake in the 210MW Plomin 2 power plant, with the other 50pc held by HEP. The Croatian company owns the 120MW Plomin 1 on the same site, which was built in 1969. Plomin was built in 2000.
HEP opened a tender to find a strategic partner for the 500MW Plomin C project in July and the deadline for bid is today. HEP will shortlist potential partners by 28 September and aims to select a partner in the first quarter of 2013.
“The company is well aware of the existing and tightening shortage in base load power production in Croatia and the potential role of a new power plant at Plomin site,” RWE said.
RWE said it will support the project and provided technical knowledge to the successful bidder. The company is also interested in potentially providing services such as fuel procurement and power sales for the new plant.
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