Verbund Expects Drop in Earnings

EnergyEnergy Source ♦ Published: September 9, 2011; 17:10 ♦ (Vindobona)

The Austrian electricity group announced an update of its investment plan and provided guidance on its financial outlook for 2011 and 2012.

Verbund Expects Drop in Earnings / Picture: © Verbund AG

“Our vision is to become one of the most important hydropower generators in Europe supplemented by environmentally friendly gas and wind technology. The attractive investment projects in our domestic market Austria/Germany and the joint ventures under favourable conditions in Italy and Turkey as well as in other countries are laying the foundation for achieving this goal,” said CEO…