The latest utilities industry and company news and analysis from FriedlNews
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Austrian Utilities Industry Headlines

EUR 250 Million Order Brings Smart Meters to Styria

From the autumn of 2017 a major portion of Styrian households will have the so-called smart meters, intelligent electricity meters. Energie Steiermark together with 30 smaller energy companies organized a tender for a contract worth over EUR 250 million. Two producers from France France and Switzerland competed in the tender. The internal parts will come from ams in Unterpremstätten.

July 19, 2016

Verbund Power Hikes 2016 Profit Guidance to EUR 290 Mln

Listed power group Verbund raised its 2016 adjusted profit guidance to EUR 290 million (USD 320.4 million) from EUR 230 million, the company said. At the same time, Verbund cut the dividend payout to some 30 percent from about 50 percent previously.

July 18, 2016

OSCE: "Reliable, Affordable and Sustainable Energy Supplies are Prerequisite for Stability and Security"

Energy experts from the OSCE Mediterranean Partners for Co-operation, representing both government institutions and private sector companies, will begin a week-long field study of sustainable energy in Austria and Germany.

July 12, 2016

Municipal Utilities in Vienna to Downsize

The municipal utilities company in Vienna (Wiener Stadtwerke) is cutting costs. The company intends to downsize, and by 2018 it plans to reduce its staff number (of currently 5500) by 900 in the energy sector. 800 of the affected employees will go into retirement.

June 13, 2016

US ContourGlobal, German Steag eye Verbund power's Mellach plant - daily

Listed power group Verbund reportedly enjoys interest from US energy group ContourGlobal and German electricity firm Steag in its Mellach plant, put up for sale, the daily WirtschaftsBlatt writes.

June 8, 2016

EVN Expands Drinking Water Segment in Lower Austria

Listed energy supplier EVN is expanding its potable water segment in Lower Austria, the management announced during the half-annual press conference. The company advocates a strong stabilization of power grids.

May 25, 2016

Porr Lands First Order in Great Britain

The Austrian construction company Porr is entering Great Britain. In a joint-venture with the Dutch A.Hak and a subsidiary of the Swedish construction group Skanska the company will build a high-pressure gas pipeline in a tunnel. The ordering party of the British gas distributor National Grid. The cost of the whole project is GBP 150 million (EUR 195 million), according to Porr.

May 23, 2016

EU Court Rules in Favour of Austria in Power Plant Dispute

Environmentalists were faced with an unfavorable ruling by the Court of Justice of the EU (CJEU) on Wednesday: the court dismissed a lawsuit filed against Austria in a dispute concerning the construction of a power plant at the river Schwarze Sulm in Styria.

May 4, 2016

22k Households Change Energy Provider in 2016 Campaign of Consumer Association

22k Austrian households switched to another electricity and/or natural gas provider in this year's campaign of consumer association VKI, a clear increase on some 12.5k in 2015.

May 3, 2016

Ex Chancellor Schüssel Remains Supervisory Board Member of RWE

Former Federal Chancellor of Austria Wolfgang Schüssel remains supervisory board member of RWE. The shareholder meeting held on Wednesday reappointed the former politician with a 95-percent majority of votes.

April 21, 2016