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ANNUAL REPORT - HSE

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3.2 Responsibility<br />

to the natural<br />

environment<br />

Environment-friendly<br />

Slovenia entered the EU with a comparatively well preserved<br />

natural environment and with the awareness that<br />

the environment is one of the pillars of future sustainable<br />

development.<br />

The <strong>HSE</strong> Group designed its environmental policy at the<br />

very beginning of its operations. Its basic components<br />

can be summarised as follows:<br />

• to produce electricity with a minimum impact on the<br />

environment,<br />

• to observe all legal standards and recommendations,<br />

• to introduce the best technologies available in order to<br />

minimise the impact on the environment,<br />

• to promote the development of RES,<br />

• to achieve a partnership with local communities and<br />

jointly solve environmental issues and plan for the sustainable<br />

development of electricity production,<br />

• to achieve sustainable operation and development of<br />

energy capacities.<br />

of RES is developing quickly in Slovenia. Under the<br />

Slovene Energy Act, renewable energy sources are the<br />

sources that are entirely or predominantly renewable<br />

in the natural environment. These primarily include hydropower,<br />

wind, biomass, geothermal and unaccumulated<br />

solar energy. The Act is based on guidelines from<br />

EU directives, and being an EU member state Slovenia<br />

is obliged to increase the use of E-RES from 29.9% in<br />

1999 to 33.6% until 2010. In December 2008, the final<br />

text of the new EU directive on RES was adopted. The<br />

directive prescribes for each EU country a general goal<br />

regarding the share of RES in the ultimate energy consumption<br />

for the year 2020. For Slovenia, this share<br />

amounts to 25%.<br />

In terms of volume, energy from hydropower plants is<br />

the most important source of electricity from renewable<br />

sources in Slovenia. The area of renewable energy<br />

sources is therefore highly important, both for the<br />

operation and the future external image of the Group.<br />

In the area of energy supply from renewable sources,<br />

activities were launched in the second half of 2004 in<br />

connection with the establishment of the domestic E-<br />

RES market (Blue Energy), participation in the drawing<br />

up of implementing regulations covering this area and<br />

international activities relating to the sale of renewable<br />

certificates abroad.<br />

All electricity-producing companies in the <strong>HSE</strong> Group<br />

and the controlling company have the ISO 9001 international<br />

quality certificate and the ISO 14001 international<br />

environmental certificate. Through consistent observance<br />

of these standards, the companies ensure safe<br />

and environment-friendly production of electricity at all<br />

hydropower plants. Thanks to environmental rehabilitation<br />

and modernisation, both thermal power plants also<br />

introduced more environment-friendly technologies,<br />

while PV was among the first coalmines in the world to<br />

demonstrate comprehensive and responsible environmental<br />

management in compliance with the requirements<br />

of the respective standard.<br />

Renewable energy sources<br />

Following the example of European countries, the area<br />

Modra energija (Blue Energy)<br />

<strong>HSE</strong> set up the Modra energija (Blue Energy) project in<br />

2004 in collaboration with distribution companies. The<br />

project is aimed at encouraging the development of<br />

energy production from renewable sources, establishing<br />

the market in such energy and selling this energy<br />

in Slovenia. The sales of Modra energija (Blue Energy)<br />

began in January 2005. Since 1 July 2007, i.e. from the<br />

full liberalisation of the electricity market onwards,<br />

Modra energija (Blue Energy) has become available<br />

to business as well household customers. In 2008 the<br />

number of customers and the volume of the Modra<br />

energija (Blue Energy) sold increased significantly – to<br />

2,189 and 36 GWh, respectively.<br />

In accordance with the contract entered into by Modra<br />

energija (Blue Energy) project partners, the majority of<br />

proceeds from the sale of Modra energija (Blue Energy)<br />

(60%) goes into the Modri sklad (Blue Fund), which<br />

<strong>ANNUAL</strong> <strong>REPORT</strong> <strong>HSE</strong> | SOCIAL RESPONSIBILITY <strong>REPORT</strong><br />

93

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