Croatia's Bjelovar gets co-funding for 27 mln kuna (3.6 mln euro) geothermal project

Croatia's Bjelovar town authorities presenting a geothermal project in Veliko Korenovo. Photo by the town of Bjelovar.

ZAGREB (Croatia), March 24 (SeeNews) - The Croatian town of Bjelovar will receive co-funding from the regional development ministry and programmes sponsored by Liechtenstein, Norway and Iceland for a 27 million kuna ($3.9 million/3.6 million euro) project to develop and build a geothermal well with an estimated energy potential of four megawatts of heating energy, the local authorities said.

The exact amount of the co-financing is currently unknown but is expected at about 10 million kuna, the head of the town's infrastructure and urban planning department, Kristina Kocur, said, as quoted in a statement by the town authorities on Monday.

The construction of the well is expected to be completed in two years.

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