Electricity production in Slovakia in 2009 exceeded consumption

A total of 29 terawatt hours (TWh) of electricity were produced in Slovakia in 2009, which exceeded consumption by 3 TWh due to the economic crisis, according to the latest issue of a weekly issued by the Slovak-German Trade and Industry Chamber.

A total of 29 terawatt hours (TWh) of electricity were produced in Slovakia in 2009, which exceeded consumption by 3 TWh due to the economic crisis, according to the latest issue of a weekly issued by the Slovak-German Trade and Industry Chamber.

Slovakia's three largest electricity suppliers – Západoslovenská Energetika (Western Slovak Energy/ZSE), Stredoslovenská Energetika (Central Slovak Energy/SSE) and Východoslovenská Energetika (Eastern Slovak Energy/VSE) – recorded a combined turnover of €2.1 billion in 2009, said ZSE CEO Dietrich Max Fey.

Gas consumption was also lower last year, said the director of the section for managing key customers at Slovak gas utility SPP, Peter Kuchta. Even though households recorded a slight increase in gas consumption, Slovakia's economy in 2009 consumed 17.5 percent less gas from SPP than it had the year before. Aside from the economic crisis, this was also due to the fact that SPP no longer enjoys a monopoly in the Slovak market, and now faces competition from RWE, Shell and VNG.

The Slovak energy industry is expected to be supported by €15 billion of investment by 2030, Juraj Novák of the Economy Ministry told the TASR newswire. Of this total, 44 percent has been designated for developing renewable energy, 36 percent for nuclear energy, 15 percent for thermal power plants and 5 percent for the Ipeľ hydro-electric power plant. According to Novák, Slovakia should meet the goal set by the EU to cover at least 14 percent of its electricity consumption from renewable resources by 2020. Green energy resources currently cover 6 percent of domestic consumption, he added. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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