PannErgy Group reports that it has exceeded its plans and base period figures both in terms of the amount of heat sold, and EBITDA with optimum operations.
In the business year of 2021, the PannErgy Group continued the implementation of its previously announced strategy on utilizing geothermal energy resources. In this context, the Company managed to fulfil its plan regarding the sale of thermal energy in the first half of 2021. Its EBITDA, exceeding the figure posted in the corresponding period of the previous year, also exceeded the planned figure.
The Company also says it managed to utilize its capacities at its project sites depending on the weather conditions efficiently in the first half of the year of 2021. The improvement in the sale of heat in the first and second quarters of the year relative to the corresponding previous quarters resulted from the favorable weather conditions of the first half and the capacity increasing and efficiency improving projects during the previous projects. Through operating adapted to the prevailing weather conditions and capacities the PannErgy Group sold, in H1 2021, a consolidated amount of heat of 955 TJ exceeded the planned amount of 951 TJ, providing a reliable foundation for the delivery of its plan of selling 1,733 TJ in 2021.
The consolidated heat sale of 955 TJ during the period concerned exceeds the 886 TJ sold in the first half of the preceding year by 8%. In the first half of the year of 2021 the Company carried on with the implementation of the capacity increasing, operation reliability enhancing and efficiency improving activities in the Miskolc and Győr, which are projects increasing the Company’ EBITDA through increasing the volume of the sale of heat predominantly from the 2021/2022 heating season.
No comment yet. Be the first!
Top 5 Articles
- New Bus Factory Production Hall in Mosonmagyaróvár March 25, 2022
- Colliers Strategic Agreement with Access4you March 1, 2022
- Businessman Alexander Brody Passes Away February 13, 2022
- A Touch of Belgian Hospitality May 29, 2022
- Denmark Wins Bocuse d'Or Europe 2022, Hungary Second March 24, 2022
Articles by Date
- ► 2022 (706)
- ► 2021 (941)
- ► 2020 (899)
- ► 2019 (237)
- ► 2018 (161)
- ► 2017 (310)
- ► 2016 (279)
- ► 2015 (324)
- ► 2014 (229)
- ► 2013 (233)
- ► 2012 (250)
- ► 2011 (303)
- ► 2010 (167)
- ► 2009 (43)
- ► 2008 (3)