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Croatia Electric Power Transmission & Distribution (T&D) Infrastructure Industry Analysis
The Electric Power Transmission & Distribution Infrastructure industry in Croatia is responsible for the production, transmission, and distribution of electricity to households, businesses, and industries. The industry has been an essential part of the country's economy and is crucial for its development. The industry is highly regulated by the Croatian Energy Regulatory Agency (HERA), which ensures that the industry operates in compliance with the country's laws and regulations.
Current Scenario:
The current scenario of the Electric Power Transmission & Distribution Infrastructure industry in Croatia is stable, with the state-owned power company Hrvatska Elektroprivreda (HEP) dominating the industry. The company has a monopoly over the transmission and distribution of electricity in the country. However, the government has been taking steps to introduce competition in the industry by allowing private companies to participate in electricity generation.
Construction of new projects:
The government of Croatia has been working on several new projects to improve the country's energy infrastructure. One of the major projects is the construction of a new gas-fired power plant in the city of Osijek, which is expected to start operations in 2023. The plant will have a capacity of 450 MW and will help the country to reduce its dependence on imported electricity. Other projects include the modernization of existing power plants and the development of renewable energy sources.
Major drivers:
One of the major drivers of the Electric Power Transmission & Distribution Infrastructure industry in Croatia is the country's increasing demand for electricity. The demand for electricity has been growing at a steady rate due to the country's economic development and population growth. Another driver is the government's focus on reducing the country's dependence on imported energy by developing domestic sources of energy, including renewable energy sources.
Industry outlook:
The outlook for the Electric Power Transmission & Distribution Infrastructure industry in Croatia is positive, with the government's continued focus on developing the country's energy infrastructure. The industry is expected to witness a significant transformation in the coming years, with the introduction of competition in the generation of electricity. The development of renewable energy sources is also expected to play a crucial role in the industry's growth in the future. With the stable regulatory environment and government support, the industry is likely to continue to grow and contribute to the country's economic development.
In conclusion, the Electric Power Transmission & Distribution Infrastructure industry in Croatia is stable and has significant potential for growth. With the government's focus on developing the country's energy infrastructure, the industry is expected to witness significant growth in the coming years. The development of renewable energy sources and the introduction of competition in the industry are expected to play a crucial role in its growth.
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