March the 8th, 2024 – The small Slavonian town of Slatina has made its debut on the London Stock Exchange after it was chosen by a UK company for geothermal drilling.
As Dnevnik writes, the Slavonian town of Slatina has become known in the UK after a British energy company, Cindrigo, announced that it will start drilling for geothermal sources there. This large project will provide clean and cheaper electricity, according to Dnevnik Nova TV reporter Tin Kovačić.
A large UK company that deals in energy arrived in little Slatina with the hope of expanding their business even more. They have already completed their first phase of drilling which shows that there are large amounts of geothermal water in that location. The next phase will be drilling down four kilometres deeper, and then they will build a large geothermal power plant. Naturally, this has aroused plenty of excitement among the locals of Slatina.
“Everything that is produced and built in Slatina will be for the benefit of the citizens of the town. So, whether it will be built by a British company or even by the Chinese, everything will remain in Slatina and for our children who will continue to live there,” said Slatina resident Robert Turkalj.
Slatina’s local authorities have more than welcomed this project because they know it will mean cheaper and ecologically clean electricity for everyone, and a meeting with investors has already been arranged.
“Every investor is welcome and every job done in this regard is regarded as being very good. In the future, we as Slatina’s local self-government unit are extremely interested in thermal heating,” explained Ilija Nikolić, deputy mayor.
On their website, the British announced that drilling should begin in Slatina in six months. With it, they will additionally be convinced that the sources of geothermal water really exist there, because the stakes are high – the drilling and the power plant alone cost about 50 million euros.
Risks aside, they believe in the great potential of the so-called Pannonian Basin, in the existence of geothermal water sources, and that hot steam will flow from the pipes in Slatina, which, they estimate, will equal a financial profit of 14 million euros per year.
A lot of money has already been invested, so this British Slatina project will surely be fruitful and ecological for all involved parties – and primarily for the residents of this eastern Croatian town.
