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New Supervisory Board of HSE Appointed

Ljubljana, 21 January - The state-run SOD fund as the manager of state stakes in companies appointed four new members of the supervisory board of energy utility HSE on Tuesday after three supervisors resigned two weeks ago and another one was dismissed by SOD today, according to a report by the business daily Finance.

SOD also tasked the management to draw up a restructuring plan and to step up preparations to audit the implementation of the constriction of a new unit at the Šoštanj coal-fired power plant (TEŠ6).

A draft development plan for 2014-2018 that would include financial, business, personnel and organisational restructuring is expected by the end of March.

By then, HSE also needs to produce a feasible plan, in cooperation with the Velenje coal mine, that would clearly define the activities needed to meet contractual obligations for the purchase of coal and purchase of electricity, among other things.

The failure to honour commitments made by HSE and TEŠ upon the adoption of the law on the state loan guarantee for the EUR 1.4bn TEŠ6 project was the reason cited by chief supervisor Marko Zidanšek, his deputy Vlasta Krmelj and supervisory board member Milenko Ziherl for their resignation on 7 January.

They, plus Peter Kralj, who was dismissed by SOD today, will be replaced by Črt Slokan, a lawyer with asset manager Triglavu Naložbe, Miloš Pantoš of the Ljubljana Faculty of Electrical Engineering, former CEO of electricity distributor Elektro Gorenjska Drago Štefe and Boštjan Markoli of the Ljubljana Faculty of Natural Sciences and Engineering.

© STA, 2014