1. Modernizing the power capacities
dr. Tomaž Štokelj
Executive Manager, Sales & Trading division
Holding Slovenske elektrarne d.o.o.

2. Summary HSE Group Investment policy Adapting to market conditions
Key development projects in Slovenia
Conclusion – new challenges ahead

3. HSE group in Western, Eastern and South-Eastern Europe

4. HSE group in Slovenia 574 MW 687 MW 168 MW HPP Boštanj 32,5 MW
HPP Blanca
39 MW MW

5. Production capacities of HSE
DEM MW
MVA
Dravograd 25 36
Vuzenica 56 78
Vuhred 72 90
Ožbalt 73
Fala 58 74
Mariborski otok 60
Zlatoličje
114
148
Formin
116
Total
574
742
TEŠ MW
MVA
Blok 3 50 55
Blok 4
248
275
Blok 5
305
335
Gas turbine 1 42
Gas turbine 2
Total
687
749
TET MW
MVA
Production unit 2
110
125
Gas turbine 58
 63
Total
168
188
SENG MW
MVA
Doblar 70 98
Plave 34 45
Solkan 32 39
Zadlaščica 8 10
Small HPP 16
19.4
Total
160
211
HESS (HSE 84,6% owner) MW
MVA
Boštanj
32,5
43,5
Blanca 39
49,5
Total
71,5 93
AVČE MW
MVA
Pumping
185
195 
Generation
180

6. Production of HSE Group
Production of HSE group in 2008: GWh
HPP (DEM, SENG, HE Boštanj) GWh
TPP (TEŠ, TET) GWh

7. Investment Policy of HSE group
We strive to achieve the
following key goals:
Increasing production capacity and reliability
Increasing the share of renewable energy sources
Lowering greenhouse gas emissions
Application of new technologies of fossil fuel use
Increasing energy efficiency
Sustainable, environmentally sound use of energy sources
Searching for new investments in SEE

8. Adapting to market conditions
Recession effects
Adapting activities to market conditions
Price of emission allowances decreased
Uncertain price after 2020
The price of electricity is changing (longterm planning is difficult)
Support for RES increased
Cooperation with local communities in placing production facilities in physical space
Lower prices of
equipment
and energy sources
electric energy

9. Balance of Europe in 2007 UCTE + Nordpool 2007
Production of el. energy: 3023 TWh
Consumption of el. energy: 3015 TWh

10. Balance of Europe in 2009 UCTE + Nordpool 2009
Production of el. energy: 2881 TWh
Consumption of el. energy: 2875 TWh

11. Production and consumption of electrical energy in Slovenia

12. Forward el. energy prices for year 2011 (on 9th of June 2010)
47,6 €/MWh
54,6 €/MWh
54,7 €/MWh
60 €/MWh
47,2 €/MWh
54,5 €/MWh
52 €/MWh
52,1
54,5
53,7 €/MWh
57,5 €/MWh
43 €/MWh
54,5
51,5*
72,7 €/MWh
47,4*
47,5*
44 €/MWh
48*
46,6 €/MWh
55 €/MWh*
*Estimation

13. Main energent price movements

14. Price movements of el. energy for year ahead

15. Electrical energy price movements in Germany and in Slovenia
There are no reasons, that Slovenian prices could be under EEX (Cross Border Capacities)
Some traders are offering energy in Slovenia even under EEX

16. Key development Projects of HSE group
HPPs on lower Sava river
HPPs on middle Sava river
Reconstruction of HPP Zlatoličje, HPP Formin
HPPs on Mura River
HPPs on Idrijca river
HPP Učja, reconstruction of HPP Doblar 1, HPP Kobarid, HPP Kamno
TEŠ Unit 6
TET reconstruction/CCGT/multifuel
Pumped storage power station Avče and Kozjak
Compliance with RES targets
Reducing emissions
Increasing reliability, stability and
competitiveness of energy supply
Preservation of coal production,
Reducing import dependency,
Lowering of emission factor
(CO2/kWh)...
Reserve/storage and
potential of achieving favourable
business results

17. Conclusion – New Challenges ahead
New EU climate and energy legislation
Renewal of National Energy Programme
Financial and economic crisis

18. Thank you for your attention!