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Nuclearelectrica net profit up 51.7 per cent to 41 million Euro in Q1

Nuclearelectrica, the state-owned operator of the nuclear reactors at Cernavoda, recorded a net profit of 41 million Euro in the first quarter of the year, up 51.7 per cent versus the same period of 2017.

2018-05-11 13:40:37

The company saw higher electricity sales on the centralized market, recording a 11 per cent increase for the output sold through bilateral contracts for an average price growth of 24 per cent, according to Business Review.

On the spot market, the amount of sold electricity grew by 17 per cent, but the average sale price fell by 32 per cent. Total sales of electricity climbed 11.8 per cent to 541.2 million RON.

Nuclearelectrica's investment program for 2018 stands at 244.8 million RON, excluding the coverage of the debt service.

The gross energy production of the two nuclear reactors, with an installed capacity of 700 MW, stands at 2.95 million Mwh in Q1. The reactors cover roughly 20 percent of Romania's annual electricity production.



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