June 7 (SeeNews) - Slovenian state-owned electricity producer Holding Slovenske Elektrarne (HSE) has repaid 100 million euro ($107 million) of a 492 million euro capital funding carried out by state-owned sovereign holding company SDH, HSE said on Wednesday.
HSE aims to refund a total of 242 million euro to SDH this year, but the exact dynamics of the repayments will depend on the business circumstances and conditions on the energy market, the company said in a statement.
SDH injected 492 million euro in the capital of HSE in December to help the company bridge its liquidity gap and enable it to independently and efficiently manage its own electricity production. In March, HSE said it plans to repay the entire amount by the end of 2024.
HSE, fully-owned by the Slovenian state, faced a 460 million euro damage in 2022 due to a drop of 36% in the output of hydropower plants caused by dry weather, the temporary shutdown of Unit 6 of Sostanj thermal power plant and increased imports of electricity at high prices.
($ = 0.9358 euro)
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