Last week, the Ministry of Economy and power utility HEP have received the opinion of the regulatory body of the European Commission (EC) for Competition which implies that the cooperation between HEP and Japanese Marubeni on the realization of TPP Plomin C project is unacceptable.
Unofficially, the key problem was not in the contract for purchase of electricity but in the fact that HEP is a state company in which political motives are much stronger than business ones. EC reasonably questions whether HEP would embark on the project with Marubeni if it is not state-owned company, where the state would “jump in” in case something goes wrong. In this case, Marubeni could be viewed as investor privileged by the state, which is violation of the rules on freedom of competition.
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Tags: Croatia, EC, electricity, HEP, Marubeni, Plomin, state aid, TPP