Zenith Announces New Record Profitability of Italian Operations

Source: www.gulfoilandgas.com 4/6/2022, Location: Europe

Zenith Energy Ltd., the listed international energy production and development company, is delighted to announce that electricity production activities at the Torrente Cigno concession in Italy have achieved a new record in revenue generation and associated profitability.

Electricity generation operations - March 2022
During the month of March 2022, the Company produced a total of approximately 1,015 MWh.

Electricity prices during the month of March 2022 averaged approximately EUR 295 per MWh, resulting in net revenues of approximately EUR 300,000 per month. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.

Luca Benedetto, Chief Financial Officer and Managing Director of Italian operations, commented:
"We continue to be extremely pleased with the exceptional revenue generation of our Italian energy production activities which have consistently surpassed expectations.

It is our objective to explore the best way to increase production, without jeopardising current output, to further maximise our profitability."


Mexico >>  11/5/2024 - Through its subsidiary in Mexico, Iberdrola has signed a power purchase agreement to supply electricity to five hotels in the RIU hotel chain in that ...
Scotland >>  11/4/2024 - A more creative approach to using power generated locally by tidal energy projects could help businesses and homes around Scotland’s coastline become ...

United Kingdom >>  11/4/2024 - Legacy Green Energy Limited hereby gives notice that it has made an application to the Gas and Electricity Markets Authority for an electricity genera...
United States >>  11/4/2024 - EDF Renewables North America has secured a 20-year Energy Storage Power Purchase Agreement (PPA) with Arizona Public Service (APS) for the Beehive Bat...

United States >>  11/4/2024 - As winter heating season approaches, PSEG Long Island reminds customers that programs exist to help people struggling with utility bills. There are al...
United States >>  11/2/2024 - Duke Energy issued the following statement in response to yesterday's order by the North Carolina Utilities Commission (NCUC) on its Carolinas Resourc...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.