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Net profit of Nuclearelectrica decreased by 27 per cent last year, to 108 million RON

The net profit registered in 2016 by Societatea Nationala Nuclearelectrica (SNN) is of 108 million RON (24 million Euro) decreasing with 27 per cent compared to 2015, mainly due to the impact of the negative financial result, according to preliminary annual financial result for 2016.

2017-02-15 13:14:14

In the first semester of 2016, SNN's management decided to implement a series of complex investment works at Cernavoda NPP Unit 1, which are performed only once in the initial lifetime of a nuclear unit with the estimated result of at least maintaining the high capacity factor and an increase in production on the average term of 1,5-2 per cent, data shows.

The preliminary analysis of these investments took into consideration the maintenance and even, the increase of the production capacity in the context of the low energy price for 2016. In order to perform these investment works, the duration of the planned outage of Cernavoda NPP Unit 1 was extended from the normal duration of approximately 30 days to 50 days, which determined a decrease of three per cent in the quantity of sold electricity and implicitly, a decrease in revenues of three per cent. The decrease by three per cent of the revenues from the sale of electricity, due to the extended outage period, corroborated with the decrease of the energy transport tariff as per ANRE decisions, determined a decrease in operating revenues of six per cent compared to 2015.

In this context, the operating profit for 2016 was of 158 million RON, like 2015 (160 million RON), registering a decrease of only one per cent.



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