Annual report - HSE

Corporative risks
The following corporative risks of the HSE Group arise from the risk registry:
• Control of the HSE Group management;
• Risk due to non-current Development Plan;
• Control of the HSE company management, too frequent replacement of management
and SB; and
• Consolidation of the HSE Group management.
It is estimated that the risks were appropriately managed taking into account additional
limitations.
Information system risks
One of HSE’s key projects to decrease the IS risks is the project of new ERP system
implementation. Since this comprises implementation of software solution, which requires
highly available environment, a double database centre DRC – Disaster Recovery Centre
was established at the end of 2012. At the same time, the server and data infrastructure
of HSE was optimised, ensuring synchronous duplication of data between both database
centres. DRC actually provides replication of production data at both locations, at the
distance of more than 70 km but accessible in both directions via the communication circle
of the HSE Group.
t has been estimated that information system risks were managed adequately, considering
the given limitations.
R&D risk
Delayed performance of investments planned
For the purpose of risk management in the area of delays in realisation of investments,
HSE regularly and intensively monitors and controls how the HSE Groups’ investments are
prepared and carried out in all stages of individual project. The course of investments and
other development plans is monitored by Development Committee, Committee for Active
Supervision of Investments and Risk Management Committee. All potential deviation and
risks are managed in accordance with determined mechanisms.
Misdirected priorities in preparation and implementation of the
company’s strategic policies
Strategic policies of companies are set based on the goals of national and EU energy
and climate policy, the owner’s requirements about infrastructure management and
the economic (business) goals of operations. Strategic policies are determined in the
company’s main development documents, which were submitted to revision in the last
quarter of 2012, due to numerous changes in energy sector and economic environment.
One of the measures for management of the company’s risks is monitoring of all changes
in the mentioned areas and adaptation of strategic policies to circumstances as they arise.
Another measure is monitoring of technological development in the area of electricity
production and other technological fields.
Failure of key projects to qualify as national priorities
Pursuant to preparation of strategic policies and development documents of the company
and the HSE Group, we ensure timely preparation of all major investment projects regarding
new production facilities. For this purpose we actively monitor preparation of investments
and other development projects within the scope of Development Committee. In this way,
we guarantee uninterrupted preparation of the documentation required for the existing
and potential development projects. The goals of the HSE Group development projects
are coordinated with the sector goals of the republic of Slovenia in the area energy and
climate policy. We actively cooperate with the owner’s representatives, relevant ministries
and other competent institutions.
Annual Report HSE 2012
2 Business Report
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