November 7 (SeeNews) - State-owned power utility Elektroprivreda Srbije (EPS) turned to a net loss of 79.488 billion dinars ($676.6 million/677.8 million euro) in the first nine months of 2022 from a net profit of 8.528 billion dinars in the like period of last year, it said.
The company's revenue went up 19.4% on the year to 259 billion dinars, while costs soared to 319.2 billion dinars from 198.6 billion dinars, EPS said in a financial statement posted on its website.
EPS produced 25.5 TWh of electricity in the first nine months of 2022, in line with the planned output but 12% lower compared to the power produced in the like period of last year.
Electricity generated by hydropower plants amounted to 6.7 TWh, while coal-fired power plants generated 15.8 TWh in the nine-month period, in line with expectations.
Production of renewable energy on the review period stood at 7 TWh, 18% below the plan.
(1 euro = 117.281)
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