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GEN energija

Hrvatska Elektroprivreda

Under the Contract between the Government of the Republic of Slovenia and the Government of the Republic of Croatia on the regulation of status and other legal relations connected to investment in NEK, its exploitation and decommissioning, and the Memorandum of Association, both of which entered into force on 11 March 2003, NEK is organised as a limited liability company or l.l.c.

The basic capital of NEK is divided into two equal shares owned by the partners GEN energija l.l.c. and Hrvatska Elektropriveda p.l.c. . NEK produces and supplies electricity exclusively in favour of the two partners, who each have the right and obligation to use 50% of its total output.

Management Board

The Management Board is in charge of business operations, and business policy to ensure safe, reliable and competitive operation as well as public acceptability.

The Structure of the Management Board is based on the parity principle considering equal business shares of both partners. The Management Board, which in principle takes decisions by consensus, consists of two members – the President is nominated by the Slovenian partner and the Member by the Croatian partner.