Siemens and HOPS sign Sincro.Grid contract
Croatian transmission system operator HOPS and engineering giant Siemens have signed a contract on deploying a variable shunt reactor at transformer station TS 400/220/110 kV Melina.
The contract comes as part of the implementation of the EU-backed smart grid project Sincro.Grid, according to a press release on HOPS’ website.
The value of the contract to deploy the variable shunt reactor is around $5.4 million, and the deadline to complete the works is 15 months.
The Sincro.Grid project has been developed th
The project should help ensure a higher level of security in the functioning of the two countries’ grids and create conditions for the intake of electricity from new renewable energy sources, according to a statement from HOPS.
The contract was signed by Tomislav Plavšić, HOPS’ management board chairman, and Medeja Lončar, Siemens’ CEO for Croatia and Slovenia. Following the signature, Lončar said that the variable shunt reactor will be produced at power transformer factory Končar – Energetski Transformatori, majority owned by Siemens, according to a press release from Siemens.
On May 22, 2017, Slovenia’s transmission system operator ELES, as Sincro.Grid project coordinator, signed a contract with the EU’s Innovation and Networks Executive Agency (INEA) on a $44 million donation that should cover 51% of the project cost, Siemens recalled in a press release.
Source: Balkan Green Energy News