Zenith Energy has provided an update on its electricity production operations at the Torrente Cigno Concession during the months of January and February 2023.
The Company produced a total of approx. 1,015 megawatt hours ('MWh') during the month of January 2023, and a total of approx. 929 MWh during the month of February 2023.
Electricity prices averaged approximately EUR 165 per MWh during January 2023 and averaged approximately EUR 156 during the month of February 2023, resulting in cumulative total net revenues of approx. EUR 313,000 for the period.
Zenith's current net production costs remain fixed at approx. EUR 35,000 per month.
Source: Zenith Energy
