Marubeni will seek 5 million euros from HEP as compensation for TPP Plomin C project – Croatia, 21 February 2017

Japanese company Marubeni, the would-be investor in the project for the construction of coal-fired thermal power plant Plomin C worth about one billion euros, is planning to sue the state-owned power utility HEP.
According to the proposed agreement, HEP would be obliged to purchase the majority of electricity produced at the plant at agreed prices, which was later assessed as irregular state aid that could distort the market by the European Commission (EC). It was advised that the business model should be changed, but that was not favorable for Marubeni due to the high cost of the project.

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