Nuclearelectrica doubles net profit in first nine months to RON 225.28 mln

Electricity producer Nucelarelectrica, which operates the Cernavoda power plant, recorded in the first nine months of the year a net profit of RON 225.28 million, up by 120 percent year-on-year, when it reported a net result of RON 102.39 percent, data released to the Bucharest Stock Exchange (BVB) shows.

Revenues from exploitation increased in the period surveyed to RON 1.4 billion, up by 17 percent compared to the first nine months of last year, when it stood at RON 1.19 billion. Energy production increased by 2.3 percent to 7,760 Gwhn, from 7,589 GWh at end-September 2016.

The total value of the investment program of the SNN for 2017 was RON 231.59 billion, without sum allocated for debt payments. At end-September, the company had made approximately 27 percent of the sum proposed, namely RON 61.8 million.

“Just like in the past years, the biggest share in the investment program comes from long-term investments (ongoing). This is due to the need for modernize/replace several systems, out of economic reasons : to reduce specific consumption, improve parameters characteristics to the processes with a positive impact on the efficiency, or due to legal reasons – the need to implement improvements associated with nuclear security, environmental protection and labour security representing stringent requests from the regulating authorities,” the company said in its report.

The two Cernavoda units provide around 20 percent of the total output of electricity of the country. The main shareholder of the company is the Ministry of Energy, which has a share of 82.49 percent.