ANNUAL REPORT

of GEN ENERGIJA and THE GEN GROUP for 2021

CHALLENGES IN THE FUTURE
OF SLOVENIAN ENERGY SECTOR

CLIMATE NEUTRALITY

Climate change is a challenge that we are facing in Slovenia, Europe and across the globe. The global energy sector is facing the historical and complex challenges of transformation and decarbonisation.

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CLIMATE NEUTRALITY

REDUCTION OF EMISSIONS

by 34 %

Affordability

The energy sector drives society by providing support for its key systems: the commercial sector, healthcare, education, agriculture, and research and development

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Affordability

NUCLEAR + RES

Reliability of supply

The reliability of the supply of energy is one of the foundations for the smooth functioning of society and the economy. It brings quality jobs, and contributes to social well-being and the quality of life.

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Reliability of supply

CONTRIBUTION OF THE INDUSTRIAL SECTOR TO GDP:

24 %

ENERGY IMPORT INDEPENDENCE

Energy, water and food are key strategic commodities on which the independence and sovereignty of every country are based. The COVID-19 pandemic and energy crisis serve as clear indicators of the importance of energy import independence, which we must decisively strive to achieve over the long term.

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ENERGY IMPORT INDEPENDENCE

DEPENDENCE ON ENERGY IMPORTS:

MAX 10 %

VISION 3 + 1

The GEN Group’s vision is the key to the decarbonisation of the Slovenian electricity sector. With the low-carbon energy sources in the existing and planned future enhanced production portfolio of the GEN Group, Slovenia can decarbonise all Slovenian electricity production by 2035, while meeting electricity demand, which is expected to at least double by 2050 according to energy balances.

Energy sources

Energy sources

contribute to the realization of the goal of climate neutrality.

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NUCLEAR ENERGY

1.100 MW of new nuclear production capacities - JEK2 project

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HYDRO ENERGY

Completion of the chain hydroelectric power plants: Mokrice / SRESA HPP and other hydro potential in Slovenia

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SOLAR ENERGY

1.000 MW of new production photovoltaic power plants

RESERVES

to ensure the stability of the grid.

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NATURAL GAS

System reserves for three key low-carbon sourcesß

Electricity produced

10 TWh OF LOW-CARBON ELECTRICITY A YEAR IS SUFFICIENT

Stable, cost-competitive and low-carbon electicity plan for Slovenia and the wider region.

9

TWh

of nuclear energy

1

TWh

of hydro and solar energy

10 TWh of low-carbon electricity a year is sufficient:

c1

To compensate for the loss of electricity due to the phase-out of fossil fuels

4 TWh
c2

For e-mobility (the electrification of 1/3 of private transport)

2 TWh
c3

For heating and cooling

3 TWh
c4

For the digitalisation of society

1 TWh
c1
c2
c3
c4

THE GEN GROUP

The GEN Group is one of the largest and strongest business groups in investment terms in Slovenia.

  • we produce electricity from low-carbon sources: nuclear and hydro;
  • we trade and sell electricity on the domestic market, and on more than 20 retail and wholesale markets across Europe; and
  • we channel our capital into development and investments, in particular the continuous and comprehensive maintenance of existing production facilities, and the responsible planning and construction of new, low-carbon production capacities for the purpose of supplying electricity to Slovenia.
graph-1

6.300—6.800 GWh

(taking into account 100% production by the NEK)

AVERAGE ANNUAL ELECTRICITY PRODUCTION OF OUR POWER PLANTS

22

EUROPEAN MARKETS WHERE WE ARE PRESENT WITH TRADING AND SALES ACTIVITIES

OUR GENERATION UNITS -
POWER PLANTS

slovenija
  • icon-1Nuclear power plant
  • icon-2Hydroelectric power plant
  • icon-3Thermal power plant
  • icon-4Solar power plant

Presence of group companies
on European electricity and natural gas markets

22

European markets

16

Subsidiaries

europa
  • Subsidiaries
  • Electricity
  • Electricity and natural gas
  • Natural gas
europa
table

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