State-owned power conglomerate Holding Slovenske Elektrarne (HSE) said it adopted a development plan for the period of 2016–20 which foresees an increase in annual electricity output from 7.89 TWh to 8.22 TWh, SeeNews reports. The 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, rationalisation of operations, deleveraging in order to maintain long-term growth and development are all goals set in HSE’s development plan. The company plans to increase its renewable energy output from 3.52 TWh to 3.6 TWh per year and maintain an annual electricity trading volume of over 25 TWh over the next five years. The holding’s increased renewable portfolio will have a share of 45%, and it will generate 63% of Slovenia’s green energy, the press release said.
So far this year HSE has traded 28.5 TWh of electricity, 13% above plan, achieving revenue of over EUR 1.3 billion. 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.