The largest green-field investment in the country and the largest energy facility established with private capital TE-TO AD Skopje, noted record production results last summer.
Namely, in the third quarter of the current 2019, there is an increase of 186% in the production of electricity at TE-TO AD SKOPJE in comparison to the same quarter last year. Thus, the share of TE-TO AD SKOPJE in the total electricity production in the Republic of Northern Macedonia increased to 29% in the third quarter , which is almost double the increase of the share that in the same period last year was 16%.
As by far the largest consumer of natural gas in the country, which participates with about 70% in the total consumption, TE-TO AD Skopje is the leading force of the gasification of the Republic of Northern Macedonia. In the record 3rd quarter of 2019, the consumption of natural gas increased by 178% compared to the same period in 2018.
Such results from the operation of TE-TO AD Skopje in a significant part determined the high growth rates of industrial production in the country in the third quarter of 2019.
According to the data of the State Statistical Office of the Republic of Northern Macedonia, the growth rates of industrial production in July, August and September 2019 compared to the corresponding months in 2018 amounted to 5.8%, 9.8% 6.1% respectively. These high rates are due to the extremely high growth in the sector “electricity, gas, steam and air conditioning supply”, where in the three reviewed months of the third quarter the growth was 51.8%, 47.9% 32.2% respectively. Namely, the results from the operation of TE-TO AD Skopje in terms of electricity production and natural gas.