Verbund Evaluating Future Options for Sorgenia

EnergyEnergy Source ♦ Published: June 9, 2011; 20:05 ♦ (Vindobona)

The Austrian electricity company and its partner, the Milanese industrial holding CIR, will decide about the future shareholder structure of their joint venture.

Verbund Evaluating Future Options for Sorgenia / Picture: ©

Verbund holds a 45% stake in the company which was founded in 1999. “Nothing has been decided yet”, stated CEO Wolfgang Anzengruber. Options would be a new industrial or financial partner as well as the retention of the current structure. When CIR and Verbund founded Sorgenia twelve years ago they aimed for a power production of 5,000 megawatt, which will be achieved within the next…