Hungarian geothermal heating company PannErgy has released its semi-annual report for the first half of 2021. The Company managed to utilise 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 favourable 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 Györ, which are projects increasing the Company’ EBITDA through increasing the volume of the sale of heat predominantly from the 2021/2022 heating season.
Source: Company report (pdf)