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Monday, December 23, 2024

Power utility GEN posts record profits

By: J.S., STA

The GEN energy group is estimated to have generated a record net profit of EUR 80 million last year, around 25% more than the year before, with turnover up 36% to EUR 3 billion.

The group highlighted its reliability despite market difficulties and its vision for decarbonisation, which includes a second nuclear power plant unit. Vision 3+1 is the key to decarbonising Slovenia’s energy sector, envisaging nuclear, hydro and solar energy as primary sources (3) and gas as a backup source (+1), the power utility said.

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