Business News

New Boss of HSE Power Utility Takes Over

Ljubljana, 05 November (STA) - Blaž Košorok assumed office Monday as the new director general of HSE, the biggest power utility in the country. He said the new generator of the Šoštanj coal-fired power plant, the TEŠ6 project, was currently the centre of attention, but HSE needed to focus on investment in new generation capacity, including abroad.

"HSE Group is more than TEŠ. An agreement on how to preserve the Zasavje energy basin needs to be finally adopted, we have to end the deadlock in the construction of hydro plants on the lower Sava, and we have to frame a clearer strategy of expansion to foreign markets and into retail," Košorok was quoted as saying in a press release.

Košorok, a member of the ruling Democrats' (SDS) economy committee, previously served as the director of the TE-TOL co-generation plant in Ljubljana. He has a four-year term at the helm of HSE.

The majority state-owned HSE is the biggest energy producer and wholesaler. Its portfolio includes hydro plants on the Drava, Sava and Soča, the Trbovlje and Šoštanj coal-fired power plants, and the Velenje coal mine.

It posted EUR 1.33bn in group net sales revenue in 2011 and a net profit of EUR 69.7m.

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