Verbund AG boss Wolfgang Anzengruber has said he does not expect energy prices to decline in the foreseeable future.The businessman said today (Mon): “I dont see chances for any changes at the moment. Energy trading prices were low recently, but are currently edging up again.”Verbund angered consumer representatives in May by raising the price for […]
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Verbund earnings tumble
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Verbund AG, Austrias leading electricity provider, suffered a significant decline in earnings in the first nine months of this year.The company, which was founded in 1947, announced today (Thurs) that earnings before interest and taxes (Ebit) dropped by 22.1 per cent year on year to 625.6 million Euros in the first three quarters of 2010. […]
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, […]