Funding Sources of the Fund

According to the Ordinance on the Method of Payment of Funds for Financing the Krško NPP Decommissioning and RW and SNF Disposal (Official Gazette “Narodne novine” no. 50/06 and 77/06), Hrvatska elektroprivreda d.d. is required to deposit €14.25m annually, in HRK equivalent, based on the average exchange rate of the Croatian National Bank on the day of payment, over 19 years in four quarterly instalments starting in 2004.

Hrvatska elektroprivreda d.d. deposited the funds into the state budget account of the Republic of Croatia; with the opening of the Fund’s account, the deposits have been transferred to the Fund’s account.

The Regulation was in force until 29 December 2008 and was then replaced by the Ordinance on the Amount, Deadlines and Method of Payment of Funds for Financing the Krško Nuclear Power Plant Decommissioning and Radioactive Waste and Spent Nuclear Fuel Disposal (Official Gazette “Narodne novine” no. 155/08), effective as at 30 December 2008, which requires Hrvatska elektroprivreda d.d. to deposit €14.25m annually into the Fund’s account, in HRK equivalent, based on the average exchange rate of the Croatian National Bank on the day of payment, with the caveat that the amount may be amended in accordance with the Intergovernmental Commission-approved revisions of the Decommissioning Programme and Krško NPP RW and SNF Disposal Programme.

The Ordinance was in force until 1 January 2023, and was replaced by a new Ordinance on fee amounts, types and amounts of additional costs and method of payment for the decommissioning of the Krško NPP and the management of radioactive waste and spent nuclear fuel from the Krško NPP (Official gazette “Narodne novine”, no. 156/22) effective as of 1 January 2023. The new Regulation stipulates that, as of 1 January 2023, Hrvatska elektroprivreda d.d. is obliged to pay the amount of EUR 9,760,000.00 to the Fund’s account, in four quarterly installments per year, each in the amount of EUR 2.44 million. The new annuity was determined in accordance with the Third Revision of the Krško NPP Decommissioning Programme and the Radioactive Waste and Spent Nuclear Fuel Disposal Programme, confirmed at the meeting of the intergovernmental commission on 14 July 2020.