Brief: Orrön Energy's Estimated Annual Power Generation Is 700 Gwh

Orron Energy AB

25/11/2022 07:05

Nov 25 (Reuters) - Orron Energy AB  ORRON.ST :
    * ORRÖN ENERGY AB REPORT FOR THE NINE MONTHS ENDED 30
SEPTEMBER
2022
    * GUIDANCE 2H 2022: OPERATING EXPENSES MUSD 6
    * 2022 GUIDANCE FOR GENERAL AND ADMINISTRATIVE COSTS (“G&A”)
AND
CAPITAL EXPENDITURE REMAIN UNCHANGED AT MUSD 7 AND MUSD 10
RESPECTIVELY
    * POWER GENERATION WAS SLIGHTLY BELOW EXPECTATIONS DURING
THE
THIRD QUARTER DUE TO LOWER THAN NORMAL WIND SPEEDS AND LOW
PRECIPITATION ACROSS THE NORDICS
    * Q3 EBITDA FROM CONTINUING OPERATIONS $ 2.1 MILLION
    * ESTIMATED ANNUAL POWER GENERATION FOR ORRÖN ENERGY’S ASSET
BASE
IS CURRENTLY 700 GWH, FURTHER INCREASING TO 800 GWH IN 2023
BRINGING THE TOTAL POWER GENERATION IN 2024 TO 1,100 GWH ONCE
KARSKRUV IS ONLINE

Source text for Eikon:  ID:nGNE2lPKw0 
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