Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
Croatian Transmission System Operator (HOPS) engaged KONČAR - Engineering, within a wider consortium agreement valued at EUR 65 million (of which EUR 33.8 million pertains to KONČAR), to execute the 110 kV submarine cable replacement programme, including the Postira (Brač) – Dugi Rat section of 7,300 metres. The first phase of this strategic investment project, covering the Brač–Dugi Rat and Krk–Crikvenica sections and worth EUR 12 million, is led and spearheaded by KONČAR - Engineering, confirming its role as the selected supplier/contractor for the submarine cable works on the Dugi Rat – Postira interconnector.