IN BRIEF: Zenith Energy posts record electricity profit in Italy
Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Updates on electricity production at Torrente Cigno Concession in Italy over July. Produces around 996.5 megawatt hours. Brings in EUR417,000 in revenue on average electricity prices of EUR419 per MWh. Says net production costs remain fixed at around EUR35,000. The month is "the highest profitability" ever achieved in Italy by the firm, it says.
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