Verbund Focuses on Hydro Power

Businessn.a. ♦ Published: December 4, 2012; 19:47 ♦ (Vindobona)

After the deal with German E.ON, the biggest Austrian energy company has a new core market and a new core product.

Verbund Focuses on Hydro Power / Picture: ©

As reported by Vindobona, German E.ON passes on German hydro power plants to Verbund in return for the 50% interest in Turkish Enerjisa. The asset swap is not approved by the cartel authorities yet.

In future, Verbund will focus on the production of hydro power. In the last years, Verbund was criticized massively for the construction of the Tufanbeyli coal power plant. CEO…