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Dec 04, 2023 17:44 EEST
December 4 (SeeNews) - The Croatian government said on Monday it proposed to the supervisory board of state-owned power utility Hrvatska Elektroprivreda (HEP) to dismiss the company's CEO, Frano Barbaric.
The government did not elaborate on the reasons for its proposal in a press release.
According to media reports quoting a member of parliament, HEP was losing 500,000 euro ($541,000) per day by purchasing natural gas from oil and gas group INA [ZSE:INA] at a regulated price of 47.60 euro per megawatt hour, only to resell it later through the Croatian Energy Market Operator at lower prices.
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