Supported byClarion Energy
HomeNuclearRomania, Nuclearelectrica and...

Romania, Nuclearelectrica and GEN-I concluded another 50 million euros electricity purchase deal

Romanian electricity producer Nuclearelectrica, the operator of nuclear power plant Cernavoda, said that it has signed an electricity purchase agreement with Slovenian trader GEN-I, worth 50.7 million euros.

According to the agreement, Nuclearelectrica will deliver electricity to GEN-I in a period between 1 January and 31 December 2022.

Last December, the two companies signed a similar deal for the delivery of electricity between 1 January and 31 December 2021, worth around 50 million euros.

Nuclearelectrica recorded a net profit in the amount of 78.5 million euros in the first half of 2021, which is by 12.3 % higher compared to the same period last year. The operational result (EBIT) has registered an increase of 17.1 %, while EBITDA recorded an increase of 9.9 % compared to the same period of last year. The rise in operating results follows the increase of operating revenues by 16.9 %, influenced by the increase by 15.7 % of the revenues from the sale of electricity.

The volume of electricity sold on the regulated market in the first six months of the year amounted to 5,292,212 MWh, which is 8.4 % more than planned, but 4.6 % less than the quantity sold in the first half of 2020.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The project is located in Arad county and is part of a broader development programme that...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged outages at Cernavoda, which have lowered electricity sales and required purchases of replacement power. Revised...

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision follows a period in which international fuel-market prices have risen faster than domestic pump prices....
Supported byVirtu Energy