ANNUAL REPORT - HSE

176
million euros were invested by the end of 2008 in the HPP construction on the
lower Sava River. Besides further additional electricity production of 721 GWh
and the compliance with the EU guidelines, the project provides for better
development of the local communities in the area of new hydro power plants,
improved environmental protection and boosted regional development.
2.9 Investments
Electricity consumption has been constantly on the
rise on the domestic and global level, which is why the
HSE Group is seeking new, additional projects and investments
to secure a safe, reliable, competitive and
environmentally-friendly supply of electricity to Slovenia.
Namely, the Group is aware that:
• its customers depend on the quality of electricity;
• in electricity production it is necessary to ensure
optimal use of domestic sources, thus decreasing
dependence on imports;
• operations have to be expanded and active participation
is needed on the common European and international
market, while at the same time it is necessary
to look for sources, also outside Slovenia, to
compensate for the gap in the domestic supply;
• great efficiency can only be achieved through efficient
utilisation of primary sources, as a result of
which the HSE Group constantly keeps up with the
technological development and modernisation of its
production facilities;
• a high degree of supply reliability can only be achieved
through appropriate diversification of sources;
• new sources and know-how should be developed
continuously.
The investments of the HSE Group are aimed at modernising
the existing thermal power plants and hydroelectrical
capacities, and constructing new power
facilities. Thus, the HSE Group pursues the following
major objectives:
• boosting the share of renewable energy sources;
• applying new technologies in fossil fuel utilisation;
• reducing greenhouse gas emissions;
• increasing energy efficiency;
• ensuring sustainable, environmentally-friendly use
of sources; and
• searching for and exploiting investments abroad.
Below we present the major investments made by the
HSE Group in 2008 in property, plant and equipment,
and intangible assets.
HPPs on the lower
Sava River
HPPs Boštanj, Blanca, Krško, Brežice and Mokrice
will more than double the electricity production on
the Sava River – a river with the least utilised energy
potential. The electricity generated by the new power
plants, which will be gradually constructed until 2015,
will account for 21% of Slovene HPP production and is
believed to cover 6% of the total electricity consumption
of Slovenia.
LETNO POROČILO HSE | NALOŽBE
In addition to 189 MW of additional installed power
and 721 GWh of extra annual production, better development
of the local communities in the area of the
new HPPs, improved environmental protection and
boosted regional development are enabled.
HPP Boštanj
The threshold power of HPP Boštanj is 34 MW and its
mean annual production is 115 GWh. The HPP is in
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