Slovenian state-owned energy group GEN earned almost €160 million in 2025 as generation exceeded plan and the company continued major investment across its nuclear and renewable portfolio.
GEN’s power plants produced 3,427.7 GWh during the year.
Capital expenditure across generation assets exceeded €107.5 million, with roughly half directed towards maintenance and upgrades of existing facilities.
Around €39.6 million was invested at the Krsko nuclear plant, including dry spent-fuel storage, process information systems and technical security improvements.
The group also continued development work for a proposed second Krsko nuclear unit.
Spending related to the project reached €10.5 million last year. Technical feasibility work prepared by EDF and Westinghouse was completed, while financing structures were also reviewed.
The Slovenian government subsequently approved preparations for the national spatial planning process, allowing the project to move into another formal development stage.
The project remains a long-term option rather than a near-term source of additional capacity, but it is increasingly important for the regional market.
Slovenia sits between the Central European, Italian and western Balkan electricity systems, while Krsko already represents one of the largest sources of stable baseload generation in the northern SEE region.
A second unit would materially change Slovenia’s future import-export balance, but financing, construction cost and project timing will remain decisive before an investment decision can be taken.
