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Vienna International Energy Source Industry News

OSCE: "Reliable, Affordable and Sustainable Energy Supplies are Prerequisite for Stability and Security"

Energy experts from the OSCE Mediterranean Partners for Co-operation, representing both government institutions and private sector companies, will begin a week-long field study of sustainable energy in Austria and Germany.

July 12, 2016

Historic Iran Nuclear Deal Likely to be Announced Early Tuesday

Officials negotiating in Vienna's Palais Coburg say nothing is confirmed, but a deal will possibly come in the early hours of the morning. Iran’s Foreign Minister Mohammad Javad Zarif said an Iran nuclear deal would not be ready to be announced July 13, as China’s Foreign Minister urged the P5+1 and Iran to finalize the accord.

July 13, 2015

Analysis: The South Stream Gas Pipeline

Due to the signing of the South Stream agreement between OMV and Gazprom for the Austrian part of the pipeline during Putin's visit to Vienna, we take a look at the background of the project.

June 25, 2014

Fischer: Room for Further Trade with Albania

Austrian President Heinz Fischer was paying a visit to Western Balkan States.

May 22, 2014

Czech Republic: Rosatom to Complete Temelin?

Russian State Atomic Energy Corporation Rosatom presented an offer to complete the units of the Czech nuclear power plant Temelin.

May 12, 2014

Romania Keeps Majority Stake in Romgaz

Romania´s government will privatize 15% of the country´s biggest natural gas producer. The opening of the economy to foreign investors bears potential dangers.

October 12, 2013

Czech Republic: Russia to Offer Significant Investments in Return for Temelin Tender

Czech Prime Minister Necas emphasized on the transparency of the decision.

May 28, 2013

Poland: Hold on Tax to Attract Investors

Hydrocarbons tax on hold till 2020 to enhance investments in shale gas.

May 23, 2013

Czech Republic: New Rounds of Negotiations for Temelin Tender

Czech power provider CEZ has started another round of talks with bidders in the offer to extend the Temelin nuclear power plant in southern Bohemia.

April 24, 2013

Roiss: “A European Concept and Joint Investments Are Needed“

In an interview with the Austrian newpaper Kurier, CEO of OMV explains why Europe needs other sources of energy and why there is a growing competitive disadvantage compared with the USA.

March 25, 2013

Bulgaria: Caretaker Government Announced

Three weeks after the stepping down of Bulgaria’s right-of-center government, President Rosen Plevneliev put together an interim government.

March 12, 2013

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013

Bulgaria: EVN Under Surveillance

While the Austrian power supplier EVN is currently kept under surveillance of the Bulgarian judiciary and government, protests by the citizens all over the country continue.

March 11, 2013

Bulgaria: Electricity Rate to be Reduced by 7 %

Experts still fear that the reduction in electricity prices will not help stopping protests.

March 6, 2013

Bulgaria: Protests About to Escalate

The political frustration of Bulgaria’s population comes to new high as the promised reduction of energy prices stays out.

March 5, 2013

Bulgaria: Eagles Briges Civic Association To Be Found in Sofia

Protesters are gathering in the Arena Armeets Hall to differentiate their pleas.

March 4, 2013

Bulgaria: Stop of Constructing Nuclear Power Plant in Belene

Together with Russia, Bulgaria stopped the controversial construction of a nuclear power plant in Belene close to the Danube.

March 1, 2013

EVN Suffers from Business in Bulgaria

In the first quarter of its business year 2012/13, the Austrian energy group recorded a decrease in net income. Outlook 2012/13: results from operating activities and Group net profit are expected to be below the prior-year level

February 28, 2013

CEZ: Czech Republic Calls Brussels for Help

After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.

February 25, 2013

Bulgaria Cuts Energy Prices

After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.

February 19, 2013

Czech Republic to Enlarge Nuclear Energy Production

Until 2014, the Czech Republic wants to double the share of nuclear energy production. The Temelin and Dukovany nuclear power plants will be enlarged.

November 9, 2012

Verbund is Said to Sell Stake in Turkish Enerjisa

According to “Kleine Zeitung”, the Austrian energy group Verbund wants to withdraw from Turkey. German eon may purchase Verbund´s stake.

September 6, 2012

Hungary to Nationalize Energy Industry

Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.

August 29, 2012

OMV Announces UK North Sea Divestments

OMV divests 5% stake in the Beryl Area producing fields for a consideration of USD 118m and acquires 17.5% stake in Tobermory and Bunnehaven discoveries West of Shetlands, from Statoil (U.K.).

June 20, 2012

Higher Profits and Revenues at EVN

The Austrian energy provider recorded a slight increase in profits (+1.8%) and revenues (+3.4%). EVN expects stable results in 2012.

February 28, 2012

EVN: Rise in Sales, Decline in Profits Expected

The Austrian energy company will publish its results for the first quarter on February 28. Earnings should rise, profits should fall, RCB estimates.

February 24, 2012

Massive Increase in Energy Consumption

Austrian power plants are running at full speed. Energy supply was up by 14% last week.

February 11, 2012

Shortage in Energy Supply: Austria Helps Germany Out

In Germany, wind power plants record a decrease in energy production. German energy suppliers called for Austrian electricity.

February 9, 2012

Vorarlberg Invests Massively in Renewable Energy

The Austrian province aims for enlarging renewable energy production together with the South-German energy group EnBW. Investments total € 600m.

February 7, 2012

Too Little Competition for Energy and Pharmaceuticals

According to the Austrian institute of economic research (WIFO), electricity, energy and pharmaceuticals are too expensive.

January 2, 2012

EVN Raises Stake in Bulgarian Subsidiaries

The Austrian energy group acquired additional shares for € 45m in connection with the privatization process in Bulgaria.

December 21, 2011

Energie AG Achieves Strong Growth

The Upper Austrian energy provider recorded an increase in sales of 12.2% in the fiscal year 2010/11. EBIT was down by 2.6% to € 125.6m.

December 16, 2011

EVN Reports Decline in Profit

The Austrian energy group achieved net profit of € 189.7m in the 2010/11 financial year, a decline of 8.4% from the previous year.

December 15, 2011

Bulgaria Starts Sale of Share in EVN Bulgaria

The Bulgarian state withdraws from the Austrian energy company. 33% of the shares in EVN Bulgaria will be privatized.

December 13, 2011

Stable Electricity Consumption of Austrian Households

2003–2010: Overall electricity consumption of private households rose by 3%; highest consumption in one-person households and privately owned houses.

November 14, 2011

BDI: BioGas Operations Successfully Established on the Market

The Styrian company increased earnings to € 3.2m in the first nine months of 2011 in spite of a moderate decline in sales.

November 10, 2011

Capital Increase for Energie AG

The Upper-Austrian regional energy provider will raise its capital by € 200m.

November 5, 2011

Verbund’s Result Influenced by Impairment Tests

The Austrian electricity group presented an improved operating result for the first three quarters of the year despite weak water supply.

October 27, 2011

Verbund´s Subsidiary APG Going Public?

The IPO of Verbund´s subsidiary Austrian Power Grid is being discussed.

October 25, 2011

Lower Profits for Verbund´s Subsidiary Sorgenia

Sorgenia, the Italian Subsidiary of the Austrian energy corporation Verbund, reports a drastic decrease in net income from € 61m to € 18m. Sales were down by 8.5%.

October 18, 2011

Verbund Signed a € 750m Credit Facility

The Austrian energy corporation secures funding for a period of five years. A credit facility from January 2005 has been replaced.

October 18, 2011

Verbund´s Subsidiary Expands in Italy

Sorgenia, the Italian subsidiary of the Austrian energy group Verbund, now provides electricity also for private households.

October 11, 2011

Major Pumped-storage Power Plant Commissioned

Austrian Verbund invested € 405m invested in expansion of hydro power. The construction ofa new hydro power plant in the Austrian Alps has been finished.

October 11, 2011

OMV’s Petrom Opens Wind Park in Romania

The subsidiary of the Austrian energy group invested a total of € 90m. The park has an installed capacity of 45 MW.

October 7, 2011

Bewag Achieved Turnaround

The regional energy provider Bewag turns back to the profit zone. In 2011, CEO Michael Gerbavsits expects a double-digit million figure in profits.

October 3, 2011

Major Bond Issue at EVN

On October 3, 2011, the management board of EVN set the parameters for the issuance of a bond.

October 3, 2011

Voith Hydro Receives Major Order from Russia

The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.

September 29, 2011

Kelag to Invest € 70m in Bosnia-Herzegovina

The Carinthian energy provider signed a contract on the expansion of the hydro power infrastructure in Republika Srpska.

September 29, 2011

Verbund Said to Seek € 750m Credit Line to Refinance

Verbund AG, Austria’s biggest power company, is seeking a € 750m ($ 1bn) revolving credit facility to refinance maturing debt, according to a person with knowledge of the deal.

September 20, 2011

Austria and Azerbaijan Expand Cooperation

An Austrian delegation will hold several meetings with Azerbaijani ministries and private companies.

September 20, 2011