Slovenia's HSE plans to raise output to 8,221 GWh over the next 5 yrs

LJUBLJANA (Slovenia), November 25 (SeeNews) – Slovenian state-owned power conglomerate Holding Slovenske Elektrarne (HSE) said on Wednesday it has adopted a development plan for the 2016-2020 period which foresees an increase in annual electricity output from 7,887 GWh to 8,221 GWh.

The adopted development blueprint should help the company adjust and respond to tougher conditions on both electricity and natural gas markets as well as on the financial markets in terms of restructuring and deleveraging while maintaining its leading position on Slovenia's energy market, the company said in a press release on its website.

Financial, commercial and organizational restructuring, the rationalisation of operations, deleveraging in order to maintain long-term growth and development are all goals set in the company's development plan.

The company plans to increase its renewable energy output from 3,519 GWh to 3,605 GWh per year and maintain an annual electricity trading volume of over 25 TWh over the next five years.

So far this year HSE has traded 28.5 TWh of electricity, or 13% above plan, achieving revenues of over 1.3 billion euro ($1.4 billion euro).

HSE Group is Slovenia's largest power producer and trader and has companies, branches and representative offices in Croatia, Serbia, Italy, Hungary, Bulgaria, Bosnia and Herzegovina, the Czech Republic, Slovakia, Romania and Macedonia.

($= 0.94 euro)

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