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Energy Source
The latest energy source industry and company news and analysis from FriedlNews
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Verbund´s Subsidiary APG Going Public?
The IPO of Verbund´s subsidiary Austrian Power Grid is being discussed.
October 25, 2011
Lower Profits for Verbund´s Subsidiary Sorgenia
Sorgenia, the Italian Subsidiary of the Austrian energy corporation Verbund, reports a drastic decrease in net income from € 61m to € 18m. Sales were down by 8.5%.
October 18, 2011
Verbund Signed a € 750m Credit Facility
The Austrian energy corporation secures funding for a period of five years. A credit facility from January 2005 has been replaced.
October 18, 2011
Verbund´s Subsidiary Expands in Italy
Sorgenia, the Italian subsidiary of the Austrian energy group Verbund, now provides electricity also for private households.
October 11, 2011
Major Pumped-storage Power Plant Commissioned
Austrian Verbund invested € 405m invested in expansion of hydro power. The construction ofa new hydro power plant in the Austrian Alps has been finished.
October 11, 2011
OMV’s Petrom Opens Wind Park in Romania
The subsidiary of the Austrian energy group invested a total of € 90m. The park has an installed capacity of 45 MW.
October 7, 2011
Bewag Achieved Turnaround
The regional energy provider Bewag turns back to the profit zone. In 2011, CEO Michael Gerbavsits expects a double-digit million figure in profits.
October 3, 2011
Major Bond Issue at EVN
On October 3, 2011, the management board of EVN set the parameters for the issuance of a bond.
October 3, 2011
Voith Hydro Receives Major Order from Russia
The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.
September 29, 2011
Kelag to Invest € 70m in Bosnia-Herzegovina
The Carinthian energy provider signed a contract on the expansion of the hydro power infrastructure in Republika Srpska.
September 29, 2011
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