On the similar time, the turnover of the guardian firm of the priority within the first quarter of 2024 decreased by 23.4% and amounted to 412.04 million euros, and the revenue of the guardian firm reached 160.57 million euros, exhibiting a rise of 51.6%.
The corporate’s administration explains the discount in turnover by decrease costs for power gross sales. A constructive affect was exerted by a extra vital quantity of electrical energy bought, in addition to a rise in income within the distribution phase following the brand new tariffs of Sadales tīkls JSC entered into power on July 1, 2023.
The administration assertion accompanying the monetary report explains that within the first three months of 2024, the Latvenergo concern produced 2,319 gigawatt-hours (GWh) of electrical energy, which is 6% greater than in the identical interval final yr.
Though within the first quarter the hydroelectric energy crops (HPPs) of the Daugava produced 11% much less electrical energy than within the first three months of 2023, which was as a consequence of a lower in water influx into the Daugava, the HPPs acquired one of many most volumes of electrical energy over a three-month interval in historical past – 1401 GW /h.
On the similar time, electrical energy technology at Latvenergo thermoelectric energy crops (CHP) elevated by 52%, to 911 GWh. Underneath the affect of colder climate, the amount of thermal power produced elevated by 12% and reached 903 GWh.
The administration assertion states that within the first three months of 2024, Latvenergo bought 1,867 GWh of electrical energy to its clients within the Baltics, which is 14% greater than in the identical interval final yr.
The amount of pure gasoline bought at retail reached 455 GWh, a rise of 46%.
The variety of clients elevated in each the electrical energy and pure gasoline segments. The variety of customers-consumers of electrical energy of the priority is regarding 853,000, of which just regarding 238,000 are outdoors Latvia.
In flip, the variety of pure gasoline clients on the finish of March amounted to nearly 54,000 individuals.
In parallel, 49.8 million euros have been invested within the first three months of 2024, which is 38%, or 13.6 million euros, greater than in the identical interval final yr. Together with 1 / 4, or 12.2 million euros, are earmarked for the event of photo voltaic parks.
On the finish of the reporting interval, eight photo voltaic parks with a complete capability of just regarding 37 megawatts (MW) have been producing electrical energy within the Baltics underneath the Elektrum model.
As well as, this yr the development of roads and turbine foundations started for the primary wind energy plant of the Latvenergo concern in Lithuania, Akmen area, with a capability of as much as 15 MW. The priority has photo voltaic and wind farms with a complete capability of greater than 400 MW on the design or building stage within the Baltics, and their commissioning is predicted steadily in 2024-2025.
As reported, the Latvenergo concern’s turnover within the first quarter of 2023 amounted to 729.431 million euros, which is 78.9% greater than in the identical interval in 2022, and the priority’s revenue elevated by 32.5% to 108.372 million euros.
Final yr, the turnover of the Latvenergo concern amounted to 2.034 billion euros, which is 10.4% greater than a yr earlier, and revenue elevated by 90.8% and amounted to 350.917 million euros.
#revenue #Latvenergo #concern #quarter #reached #million #euros
2024-05-31 18:23:47
