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County info

Area: 2,024 km2
Population: 84,836
County capital: Virovitica (21,327 inhabitants)

GDP (2013): 502 million EUR
GDP per capita (2013): 6,043 EUR
Unemployment rate (2015): 32.37%

Most important sectors: manufacturing industry (41.59%), wholesale and retail (19.58%), agriculture (18.27%), construction (5.59%)

Export (2015): 124 million EUR
Import (2015): 66 million EUR

FDI (1993-2013): 4.3 million EUR

More information about the county:

COUNTY CHAMBER VIROVITICA
Trg kralja Tomislava 6,
33000 Virovitica
tel. +385 (0)33 725 150
fax +385 (0)33 722 150
hgkvi@hgk.hr

Contact person:
Renata Vondra (rvondra@hgk.hr)



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Project Dravacel - pulp and paper production and geothermal energy production
LocationTown of Slatina, Business Zone Trnovača

Slatina is situated in North-Western part of Slavonia (Eastern region of Croatia), south of Drava river. It is located on the state road D2 connecting the Western and Eastern part of Croatia (from the state border with Slovenia to the state border with Serbia). Slatina is just 40 km away from the nearest border crossing with Hungary (border crossing Donji Miholjac).
County
  • Virovitica-Podravina County
  • DescriptionThe project Dravacel envisages the construction of pulp and paper production plant with capacity of 185,000 tons per year and paper factory with capacity of 440,000 tons per year and construction of 10 MW geothermal power plant (co-generation of electricity and heat production from geothermal energy) and construction of 15 MW bio-power plant (co-generation of electricity and heat production from biomass).

    The pulp and paper production factory is going to be located in industrial zone Trnovača, near the Town of Slatina on the area of 81,392 m2 (geothermal power plant = 5,000 m2 + bio-power plant = 4,000 m2 + pulp and paper plant = 72,392 m2).

    The project is based on the report by a leading geothermal engineering firm that has verified huge geothermal reserves in the vicinity of Slatina. These reserves are more than sufficient to supply the production of pulp and paper. Since 18% of costs in paper production and 35% in pulp production consists of heat energy, and 13-14% of costs in both productions consists of power energy, project structured like this is going to produce significantly lower paper production costs.

    Additionally, improved production technology is going to be installed, and cellulose production plant that would supply paper production with cellulosic raw material has already been planted with the aim of further increasing the competitiveness of company’s products.

    The first phase includes the construction of first unit, cogeneration for electricity and heat production from geothermal energy. Other three units (hot water over 100°C distribution system foreseen for the needs of the Town of Slatina, hot water under 100°C distribution system for the needs of particular subproject and process water distribution system) are planned to be implemented two years after the start of operation of cogeneration plant.
    Economic category

    Agriculture

    Energy - Renewable Energy

    Industry

    Enviromental protection


    Financial sources
    Estimated project value€313.300.000,00
    Estimated value descriptiveThe planned investment in the construction of pulp and paper factory is € 223 million and in the power plant € 90 million (in total € 313.3 million).
    Funding ensured (%)
    Financing descriptiveOwn resources: 15-20% (land and technology)
    Croatian Bank for Reconstruction and Development (HBOR): 25-30%

    Project involvement possibility
    Looking for investor
    Looking for strategic partner

    Preparation of project documents
    Documentation statusFull project documentation
    For details please contact investicije@hgk.hr

    Project holder
    Project holderDravacel Ltd
    ContactAddress: Vladimira Nazora 35, 33520 Slatina
    E-mail: ured.direktora@dravacel.hr
    Phone: +385 (0)1 6449 200

    Other information
    Estimated start of project implementationYear 2015
    Type of projectPrivate
    For details please contact investicije@hgk.hr