The Croatian Hydrocarbon Agency (CHA) has launched tender for the exploration of geothermal waters for energy purposes. Four exploration blocks are in the geographical area of the Drava valley in which a significant geothermal potential has already been proven.
Investors were thus offered the exploration areas Ernestinovo, Lunjkovec-Kutnjak, Legrad-1 and Merhatovec with a total area of 207 sq.km. It should be noted that the temperature at all locations exceeds 100°C, which is the minimum temperature required for electricity generation, while the total potential of all locations is around 50MW of electricity power.
The potential of exploration areas has been identified in earlier wells drilled for oil and gas exploration and production, which now greatly reduces the risk and costs to future investors.
In addition to electricity, geothermal energy has great potential in district heating, where future investors, in cooperation with the local community, have the opportunity to cascade production - from electricity, district heating to agriculture where geothermal water is used to heat greenhouses.
The deadline for the submission of documents is on September 1, 2020.
Tender documents can be accessed on our business opportunity page here.
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