Zenith Energy Ltd. , the energy company with proven revenue generating production, exploration and development assets in Africa and Europe , is pleased to provide an update on its electricity production operations at the Torrente Cigno Concession during the month of December 2022.
The Company produced a total of approximately 1,025 megawatt hours ("MWh") in the month of December 2022, representing the highest monthly production during the course of 2022.
Electricity prices during the month of December 2022 averaged approximately EUR 280 per MWh, resulting in net revenues of approximately EUR 286,500. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.
