On Friday, Končar announced the signing of an agreement worth EUR 65m with Iraq’s Ministry of Electricity, for the revitalization of HPP (Hydropower Plant) Haditha.

This agreement refers to the hydropower plant that was first built in the 1980s, with an installed capacity of 6×128 MVA, making it one of Končar’s flagship projects. The total value of the project is EUR 65m and will be led by Končar – Engineering (KET), as well as several other members of the Končar Group.

Under this agreement, Končar will carry out a partial revitalization of generation units, replace parts of the MV (medium voltage) and HV (high voltage) equipment, the entire plant management systems, the excitation system, and the electric protection system, as well as upgrading the mechanical subsystems and hydromechanical equipment.

The consultations for the project were continued after 10 years, following an 18-month round of negotiations in a completely new political environment. During the last 10 years, Končar performed a series of smaller agreements for the plant, and similar other facilities such as HPP Hemren, mainly pertaining to the delivery of equipment and spare parts.

This latest agreement marks the return of Končar to the Iraqi market, a historical step that secures Končar’s position as one of the leading Croatian exporters.