Verbund chief Wolfgang Anzengruber has said planned investments might be delayed due to the continuing debate over a capital increase.The government has been at odds for weeks over whether it should console the energy provider with 500 million Euros in an overall one-billion-Euro capital increase. The Austrian State holds a 51 per cent interest in […]
Tag: electricity
Austrian electricity provider Verbund wants to buy hydroelectric plants in the Pyrenees and the Alps in France, firm General Director Wolfgang Anzengruber said today (Fri).He said Verbund would compete for licences for plants operated by EdF and GdF-Suez that would be newly issued. Verbund would be interested in obtaining 10 per cent, or 5,000 MW, […]
By Lisa ChapmanThe WWF has warned against the construction of more hydroelectric plants in Austria as it says the countrys rivers are in a “dramatic” state.Christoph Walder, the head of the international environmental groups campaign “Rivers Full of Life” said today (Tues): “As long as there is no good analysis of Austrias water-power potential, it […]
Recession slashes power consumption
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By William GreenPower consumption plunged this year amid an industry downturn because of the recession, the Association of Austrian Electricity Enterprises (VEÖ) said today (Tues).VEÖ said the fall reached its lowest point in April, when consumption was down by 10.3 per cent year on year.Declines of 6.1 per cent and 7.1 per cent occurred year […]