Vienna International Energy Industry News
Read the latest headlines about developments in the international energy industry in Vienna and Austria
Meinl Bank Pays 6 Million Euro: Airport Intl. and Power Intl. Reach a Partial Agreement
Meinl Bank and International Power pull back all the claims against each other, except those in the arbitration court.
September 27, 2010
A-Tec has Good Prospects on Shipping Company in Rijeka
The Croatian Competition Agency (ATZN) gives the Austrian A-Tec group under Mirko Kovats good chances in the bid for the privatization of the shipyard "3 Maj" in Rijeka.
September 24, 2010
Austria Continues Being the Largest Investor in Romania
"Romania is an important market in Eastern Europe for the Austrian economy. Its great importance for us is proved by the fact that Austria is by far the largest investor in Romania"
September 23, 2010
Mitterlehner Meets Hendry: Development of Renewable Energies
The Finance Minister met with the British Energy Minister Charles Hendry for talks about the energy policy in the EU, the development of renewable energy sources and increasing the security of energy supply.
September 21, 2010
Siemens Austria: Corruption Prosecution Expands Investigation
According to a media report, the prosecution has questioned two ex-managers of the group on suspicion of infidelity. They allegedly bribed business partners in South Eastern Europe.
September 21, 2010
Martin Schlaff: Acquisition of Several Latvian Oil Transport Companies Planned
After four years of delay Schlaff is reported to be planning the takeover of several Latvian transport companies.
September 20, 2010
Austria's Management and Supervisory Boards’ Salaries on the Test Bench
The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.
September 20, 2010
A-Tec's Subsidiary AE & E: CFO Brandt Moves to Sulzer
AE & E’s CFO, Juergen Brandt, will be CFO of the Swiss industrial group Sulzer. Jürgen Boggild moves to the Board.
September 20, 2010
ÖIAG: ÖVP vs. SPÖ
Schieder and Rudas demand dissolution of the state holding ÖIAG, Finance Minister Pröll, on the other hand, wants to “strengthen” it.
September 17, 2010
Liquefied Natural Gas: Plans for a Route from Georgia to Romania
Liquefied natural gas (LNG) is to be shipped from the Georgian port of Kulevi in the direction of Constanta.
September 17, 2010
Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying
The Greek businessman Vasileios Xeniadis is prepared to offer 1.35 billion euro for Hypo Alpe Adria.
September 16, 2010
EVN building cogeneration plant in Plovdiv/Bulgaria
Today, Prime Minister Bokyo Borissov, Provincial Governor Erwin Pröll and EVN's CEO Burkhard Hofer oversaw the ceremony for the construction of a highly efficient cogeneration plant in the city of Plovdiv.
September 13, 2010
OMV targets a 20% market share in Serbia
Important changes are foreseen for 2011 in the Serbian oil industry. Because, effective from January 1, the energy company NIS will lose, albeit theoretically, its artificially upheld monopoly position…
September 13, 2010
Putin: Gas pipeline Nabucco with "little chance of success"
Putin gives the competition project of the South Stream gas pipeline little chance of being realized, because as of now, Nabucco has no suppliers.
September 8, 2010
Energy - Three offers for Verbund power plants
Those interested are European companies. By mid 2011 the partial sale of Innkraftwerke shall be completed. Right now the current prospects review the economic documents.
September 7, 2010
The Austrian electricity price index ÖSPI is to decline in October
The electricity price index for October 2010, calculated by the Austrian Energy Agency (Österreichische Energieagentur), indicates that in October prices of electric energy will fall.
September 6, 2010
Verbund calls extraordinary GM to decide on capital increase
Verbund appreciates positive decision of majority shareholder
September 3, 2010
Miba Acquires Producers of Power Electronics Components
Miba, strategic partner to the international engine and automotive industry, has acquired EBG and DAU, producers of power electronics components, as of September 1, 2010.
September 1, 2010
OMV to cover 9 percent of Romanian energy demand
The gas-fuelled power plant Brazi in Romania of Austrian energy group OMV is going to be ready by autumn 2011 and will then produce enough energy to cover 9 percent of the Romanian energy demand.
August 30, 2010
Kelag with more sales and profits
Economic recovery brought growth for the Corinthian energy provider in the first half of 2010.
August 30, 2010
EVN: long winter driving profits
The energy supplier earned €204.9m ($261.6) in the first nine months of the current fiscal year, 16.7 percent more than a year ago. The long winter in Austria helped.
August 30, 2010
Verbund - Fight over capital increase further delayed
The controversy over Verbund capital is likely to prolong. Infrastructure Minister Doris Bures will continue to insist on her initial position.
August 26, 2010
Siemens Group upgrades Austrian business location
Siemens Austria has been named the global interface for the small hydropower plant activities of the Group.
August 25, 2010
Causa ÖBB - Verbund as top priority
Verbund AG wants to increase its equity, the federal government as majority shareholder will support the plan, which will be discussed, in tomorrows Council of Ministers.
August 23, 2010
OMV boss with possible prosecution
OMV CEO Wolfgang Ruttenstorfer maybe confronted with prosecution in the current proceedings against him as reported by Presse.
August 20, 2010
Albania - Green light for new power plant of Verbund and EVN
The EU's competition authorities have approved a joint power plant project of Verbund and EVN in Albania.
August 20, 2010
A-Tec Industries announces changes on Management Board
Christian Schrötter, CFO, today informed the company´s Supervisory Board of his decision not to extend his contract.
July 21, 2010
EVN - Majority of Bulgarian Gorna Arda is sought
Lower Austrian electricity company plans to acquire 70 percent of a hydroelectric project.
July 20, 2010
Eco World Styria - Styrians to outstrip U.S.
The network meets the future on the international market as "The World's Green Tech Valley": a success story.
July 16, 2010
Defying EU fusion reactors
According to calculations of the Green Party Federal Councillor Elisabeth Kerschbaum the project costs Austria €158m.
July 15, 2010
Union speaks of "death blow" for Austrian Railway
In the context of the forthcoming increase of capital of Verbund hydro electrical plants could be bought from the Austrian Railway Network ÖBB.
July 15, 2010
Siemens - Major contract in the Czech Republic
Siemens to build a photovoltaic system for about €10m
July 8, 2010
C.A.T. Oil AG wins two hydraulic fracturing tenders in Western Siberia
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders for hydraulic fracturing services in Western Siberia.
July 5, 2010
A-Tec wants private bonds.
Denomination of €1000 - termination, at violation of certain ratios The A-Tec intends to target private investors with their planned five-year bond (subscription period from June 1 to July 5). The nominal value amounts to €1000 ($1223). The expiring A-
June 30, 2010
A-Tec Industries AG to float corporate bond
A-TEC Industries AG is currently in preparations to issue a corporate bond.
June 28, 2010
Intercell AG -Resolutions of the AGM
Intercell AG today announced that all proposed resolutions were approved by the Annual Shareholders meeting held today.
June 28, 2010
Siemens Austria wins award for research project
The research project Reconcile was awarded as best proposal for the funding program FIT-IT (Tesearch, Innovation, technology, information technology) in the program series "Semantic Systems and Services".
June 23, 2010
Power International Limited continues legal battle with Meinl Bank
The former company Meinl Power International Limited PI (PI) seeks to pursue its litigation with Meinl Bank.
June 22, 2010
Energy ten percent more expensive
Fuel prices have risen strongly again, oil is more expensive by a third, but gas is cheaper than a year ago.
June 22, 2010
Power International Limited - AGM approves all resolutions
All proposed resolutions on the agenda of the Annual General Meeting (AGM) of PI Power International Limited (PI) held today, Tuesday, in Vienna, were approved by a majority of about 99%.
June 22, 2010
OMV shows interest in Dana Petroleum
Shares of British oil and gas group increasingly gaining according to rumours.
June 21, 2010
Liquid-gas-project in Croatia delayed
The liquid-gas-project in Croatia, Adria LNG, in which OMV is involved with about one third will be postponed for at least three years.
June 21, 2010
Green power - competition for new wind turbines
The increase in wind power subsidies triggers a construction boom. The subsidy pots for three and a half years are already allocated.
June 17, 2010
Gazprom plans to enter Slovakian market
The gas company will take over the subsidiary Energo Vemex in Slovakia.
June 16, 2010
Wolfgang Hesoun is new head of Siemens - Porr boss succeeds Brigitte Ederer
On Wednesday the Supervisory Board of Siemens Austria will decide on the new head of the company.
June 15, 2010
Andritz to supply electromechanical equipment for Ilisu hydropower station, Turkey
International technology Group Andritz will supply electromechanical equipment with a total value of approximately 340 MEUR as part of the construction of the Ilisu hydropower station in Turkey.
June 15, 2010
OMV could be an accomplice in war crimes and crimes against humanity
OMV produced oil from 1997 to 2003 in sector 5A in Sudan. The current report of the European Coalition on Oil in Sudan (ECOS) provides new evidence that there is a direct link between oil production and the intensification of the conflict.
June 14, 2010
OMV remains Austria's largest company
OMV leads the current list of the 500 most profitable companies, despite registering a loss of revenue.
June 14, 2010
AE&E scores a contract over EUR 20 million
The AE&E Group will supply three heat recovery steam generators for a new industrial combined cycle power plant in Stade a North German town, Lower Saxony.
June 11, 2010
EVN scores a gas deal in Croatia
A new gas pipeline built by Austrian energy provider EVN will provide thousands of Croats.
June 2, 2010
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