Annual report - HSE
Annual report - HSE
Annual report - HSE
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2.14 Research and development<br />
In 2012, the <strong>HSE</strong>’s research and development activities were aimed at the performance<br />
of projects for achieving the Group’s long-term business goals. An important work area<br />
comprised activities for supporting realisation of complex investment programme for<br />
new production capacities, through which the <strong>HSE</strong> Group pursues its goals of sustainable<br />
electricity production.<br />
2.14.1 Coordination of development activities<br />
on the <strong>HSE</strong> Group level<br />
Coordination of investment activities of the <strong>HSE</strong> Group<br />
All development activities and projects on the Group level are monitored and coordinated<br />
within the framework of Development Committee. In 2012, monthly development<br />
committees were carried out, within the scope of which we monitored preparation and<br />
realisation of investment projects regarding new production facilities, discussed proposals<br />
of legislative and other relevant documents on national and EU level and current<br />
development engagements.<br />
Development Committee presented the draft of Rules on Investment Valuation and<br />
Monitoring aimed at unification of preparation and performance procedures for the<br />
<strong>HSE</strong> Group investment projects. In accordance with the discussed rules preparation and<br />
implementation of new information and business system in the <strong>HSE</strong> Group, we introduced<br />
a revised and unified <strong>report</strong>ing system for subsidiaries, which will be based on monthly<br />
and quarter <strong>report</strong>s on current and planned investments.<br />
Periodic <strong>report</strong>ing on regulatory and technological novelties<br />
<strong>HSE</strong> issues regular weekly news on current events in the area of national and EU legislation<br />
and of energy, environment and climate policy, on technologic innovations in electricity<br />
production, especially in terms of RES and other low-carbon technologies, and on events<br />
within the scope of European association of the electricity industry EURELECTRIC. These<br />
publications are aimed at informing our key employees, thus enabling timely response<br />
of the company to the changes in business environment. In this way, our up-to-date<br />
news represent an officialised measure for reducing the risks in connection with lack of<br />
information and, consequently, inadequate reaction to issues, as well as a part of our risk<br />
management policy.<br />
Long-term strategic planning of the <strong>HSE</strong> Group development<br />
<strong>Annual</strong> Report <strong>HSE</strong> 2012<br />
2 Business Report<br />
92<br />
Preparation of strategic development documents of the <strong>HSE</strong> group is a priority that we<br />
failed to complete in 2012. One of relevant reasons for this is the fact that the main national<br />
documents regarding energy and climate policy had not been adopted. Strategic policies<br />
in the area of electricity supply on the national level are very important for the <strong>HSE</strong> Group<br />
and represent the basis for determination of development priorities of the entire Group;<br />
therefore, preparation of the <strong>HSE</strong> Group strategic development documents remains our<br />
main goal in 2013. The new Medium-term Development Concept (MTDC) will be based<br />
on the guidelines of the Slovenian energy policy and international commitments of the<br />
country, with emphasis on strategic investments by means of which the <strong>HSE</strong> Group will<br />
contribute to fulfilling these commitments. Since the Group is in the middle of an intensive<br />
investment cycle, preparation of a short-term action plans for a 3-year period is of key<br />
importance, as well. The main difference between action and strategic development plan<br />
will be mostly in the data details and strategic/operational perspective on operations of<br />
the Group companies in the discussed period.