High power prices are helping Slovenské elektrárne

Thanks to the recent growth in power prices, the EBITDA profit of power generator Slovenské elektrárne (SE) will increase by 50%, or by €140m this year, says Branislav Strýček, its CEO. The completion of the Mochovce nuclear power plant 3rd and 4th blocs will be delayed and the completion budget will swell from €5.4bn. Once up and running, SE’s annual cashflow will increase by €250m, and SE will be able to reduce its net debt from the current high level of 9-times EBITDA. SE is also investing into increasing the output of the first two Mochovce blocs. It will turn the Nováky power plant into a heating plant in 2023 and is analyzing what fuel to use (favorites are wood and gas). Similarly, SE is finalizing investment plans for its Vojany coal power plant.

(etrend.sk)

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

Copyright  © 1994 - 2019    Symsite Research         All rights reserved.