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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

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Profit of Romanian nuke plant Nuclearelectrica soars 3.5 times YoY in Q1

Nuclearelectrica (BVB: SNN), which operates Romania’s nuclear plant located at Cernavoda, announced that its net profit rose to RON 819 mln (EUR 162 mln) in Q1, 3.5 times more compared to the same period last year.

Total revenues increased by 165% YoY to RON 1.86 bln, mainly due to higher electricity prices in the last year - as the nuke power plant’s outcome is roughly flat. The revenues were some 26% higher than the target.

The gross electricity production of the two operational units of Cernavoda nuke was 3.02 TWh in Q1 this year. From this gross production, the own technological consumption of the units was 0.23TWh.

The average price of the electricity sold under bilateral contracts (81% of the total in Q1, 2022) rose by 127.5% YoY to RON 563 per MWh, while the average price of electricity sold on the spot market (19% of total) soared four times YoY to RON 1,068 per MWh, in the first quarter of this year.

andrei@romania-insider.com

(Photo source: Nuclearelectrica.ro)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

The Capital Markets News section is powered by the Bucharest Stock Exchange 

 

BSE

 

 

Profit of Romanian nuke plant Nuclearelectrica soars 3.5 times YoY in Q1

Nuclearelectrica (BVB: SNN), which operates Romania’s nuclear plant located at Cernavoda, announced that its net profit rose to RON 819 mln (EUR 162 mln) in Q1, 3.5 times more compared to the same period last year.

Total revenues increased by 165% YoY to RON 1.86 bln, mainly due to higher electricity prices in the last year - as the nuke power plant’s outcome is roughly flat. The revenues were some 26% higher than the target.

The gross electricity production of the two operational units of Cernavoda nuke was 3.02 TWh in Q1 this year. From this gross production, the own technological consumption of the units was 0.23TWh.

The average price of the electricity sold under bilateral contracts (81% of the total in Q1, 2022) rose by 127.5% YoY to RON 563 per MWh, while the average price of electricity sold on the spot market (19% of total) soared four times YoY to RON 1,068 per MWh, in the first quarter of this year.

andrei@romania-insider.com

(Photo source: Nuclearelectrica.ro)

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