Tag: GEN-I

GEN-I’s H1 2020 financial result 20 % above planned – Slovenia, 24 July 2020

Slovenian GEN-I Group finished the first half of 2020 with an EBIT of 11.1 million euros, thus exceeding the plan adopted in 2019 by 20 %. By the end of June 2020, the Group had sold 65 TWh of electricity and gas, representing almost 80 % of sales in 2019. This was achieved by trading […]

Hidroelectrica cannot provide cheap electricity and continue with investments – Romania, 23 July 2020

CEO of the largest Romanian electricity producer Hidroelectrica Bogdan Badea said that the price of electricity supplied to end-consumers cannot be low and at the same time cover the necessary investments in the energy sector. Badea explained that the free market is the only one that can give a f Full article available for subscribers […]

GEN-I recorded 18.4 % higher profit in 2019 – Slovenia, 19 May 2020

Slovenian energy trader GEN-I said that its consolidated net profit rose by 18.4 % year-on-year in 2019 and amounted to 15.3 million euros. The company’s dales revenues dropped by 6.5 % to 2.2 billion euros last year, while its expenditures also decreased by 5.4 % to reach 2.17 billion euros. Its Full article available for […]