HOPS and Siemens sign $5.4 M project
Croatia: Croatian transmission system operator HOPS and Siemens have signed a contract on deploying a variable shunt reactor at transformer station TS 400 / 220 / 110 kV Melina, as part of the implementation of the EU-backed smart grid project Sincro.Grid.
The value of the contract to deploy the variable shunt reactor is $5.4 M (EUR 5 M), and the deadline to complete the works is 15 months.
The Sincro.Grid project has been developed though cooperation between Slovenian and Croatian TSOs and distribution system operators, with the aim of resolving the challenges in power grid management and removing transmission bottlenecks, in what should ensure a certain level of security in the functioning of the two countries’ grids and create conditions for the intake of electricity from new renewable energy sources, HOPS recalled in the statement.
The contract was signed by Tomislav Plavsic, HOPS’ management board chairman, and Medeja Loncar, Siemens’ CEO for Croatia and Slovenia. Following the signature, Loncar said that the variable shunt reactor will be produced at power transformer factory Koncar – Power Transformers, majority owned by Siemens.
Source: Balkan Green Energy News