ANNUAL REPORT - HSE

joined the joint venture on 1 January 2008 to replace
SEL), SENG and TEB) signed a letter of intent to establish
the company Hidroelektrarne na Spodnji Savi
(HESS) and transfer the joint venture to the new company.
HESS was entered into the Companies Register
on 1 April 2008. Because the venturers set 31/12/2007
as the cut-off date, all economic effects of the joint venture's
operations have been attributed to the company
HESS since 1 January 2008. The transfer of the joint
venture's in-kind contribution (previous investments in
the joint venture) to the company HESS was carried out
on 1 July 2008 in the form of a capital increase.
The company members are as follows: STAKE
Holding Slovenske elektrarne d.o.o. 51.0 %
Dravske elektrarne Maribor d.o.o. 30.8 %
Soške elektrarne Nova Gorica d.o.o. 2.8 %
Termoelektrarna Brestanica d.o.o. 2.8 %
GEN energija, d.o.o. 12.6 %
Thermal production
Termoelektrarna Šoštanj d.o.o. (TEŠ) 100.0 %
of electricity produced there dating back to 1906. TET
is the largest energy production plant in the Zasavje
region. The thermal power plant has three production
units: a steam turbine unit, which uses brown coal from
Zasavje coal mines as fuel, and two gas turbine units,
which use extra light heating oil and serve as a backup
for the Slovene energy system.
Plinsko parna elektrarna d.o.o. Kidričevo (PPE) 45.0 %
The companies HSE, Verbund and Talum established
PPE to construct an 800 MW gas and steam power
plant in Kidričevo. The project is currently in the preinvestment
stage. The power plant is to be fitted with
the latest technology that would ensure low NO x
emissions.
Because natural gas will be used as fuel, the
plant would also emit low CO 2
emissions, which is in
conformity with international criteria for environment
friendly operation required by the Kyoto protocol.
Primary sources
Premogovnik Velenje d.d. (PV) 77.7 %
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TEŠ is the largest production facility in the HSE Group.
It produces approximately a third of energy in the
country, and in critical periods it can meet more than
half of the national demand. Besides electricity, it also
produces heat which is then supplied to the major
part of the Šalek Valley. The power plant, which uses
lignite from the nearby Velenje coal mine as the basic
fuel, has four production units and two gas turbines.
In terms of its output, the operation of TEŠ is comparable
to similar thermal power plants in Europe, but it
exceeds their operating unit availability.
Termoelektrarna Trbovlje d.o.o. (TET) 81.3 %
TET is one of the two power plants in Slovenia which
produce electricity from domestic coal. It has a long
tradition and experience, with the first kilowatt hours
PV is a technologically advanced coal mine which ranks
among the top mines in Europe as far as equipment and
safety are concerned. Its particularity – the “Velenje
long wall method” – is known all over the world. Owing
to its productivity, this method is the most efficient for
extraction of thick coal layers, but it also enables filling
and consolidation of the extraction area.
The quantity of the coal extracted by PV depends on
the plans of the Slovene electricity sector. Annually,
it amounts to approximately 4 million tons of lignite
on average, and the entire quantity is intended for the
needs of TEŠ. In addition to coal extraction, PV pursues
numerous other activities, such as underground
and aboveground extraction planning for mining,
machinery and electricity purposes, construction of
all types of underground structures, drilling, geomechanical
research, cave surveying, hydrogeological
and technological services. Modern equipment and
high technical expertise of staff ensure the safety of
employees and high productivity, which serves as a
basis for a competitive price of coal and, consequently,