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Austria International Utilities Industry News

Andritz Receives 90 Million Euros Order for Power Plant Renewal in Canada

The listed technology group Andritz has landed a major order for the renovation of a hydroelectric power station in Canada. "The order value is over 90 million euros," said Andritz by press release. The Styrian company will therefore renew six of the eight turbine units of a power plant in the province of Saskatchewan for the Canadian electricity supplier SaskPower.

October 31, 2017

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

US Company Contour Moves European Headquarters from Paris to Vienna

The Vienna-based European headquarters will be the strategic centre for all thermal and renewable energy facilities in Austria, Italy, Czech Republic, Romania, Poland, Slovakia, Bulgaria, Armenia, Spain, Northern Ireland and Ukraine.

December 11, 2015

Strabag Builds EUR 37 Million Power Plant in Switzerland

Strabag AG is building the Rhone Oberwald run-of-the-river hydroelectric plant in the Swiss canton of Valais. The contract value of € 37 million comprises the construction of the necessary tunnels, galleries and underground chambers.

June 5, 2015

Verbund Raises Earnings Forecast and Dividend for 2014

Verbund AG announced today that the earnings forecast for financial year 2014 is being raised. Verbund expects EBITDA of around €800m (previous forecast: €770m) and a Group result of around €125m (previous forecast: €85m) in financial year 2014. The planned dividend continues to be based on a payout ratio of approximately 50% of the adjusted group result which in 2014 will be around €210m (previous forecast: €190m).

January 22, 2015

Verbund Withdraws from Bulgaria

Verbund withdraws from Bulgaria by selling its 16 MW wind farm on the Bulgarian Black Sea coast to Inwind Sp Ltd, a project company of Bulgarian Inovent Holding AD. The transaction is scheduled to close by the end of 2014. Both companies agreed on not disclosing any financial details of the transaction.

October 30, 2014

Fischer: Room for Further Trade with Albania

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

May 22, 2014

Austrian Prinzhorn Holding to Invest Massively in Hungary

Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.

May 21, 2014

Czech Republic: CEZ Losing With RWE Contract?

A gas contract with German RWE is causing the Czech energy group losses in the billions.

May 12, 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

CEZ Bulgaria in “Full Compliance with the Law”

CEZ, along with other foreign utilities in Bulgaria, does not regard itself being obliged to pay a certain amount to state-controlled utility NEK.

May 9, 2014

Verbund: Trying to Get Rid of Sorgenia

The Austrian utility Verbund announced not being willing to invest any further money into loss-making Italian energy group Sorgenia.

May 8, 2014

Austria: “Council of the Wise“ for Hypo Group

Instead of a parliamentary investigation committee the coalition expressed its wish to appoint a “Council of the Wise” for the the assessment of the ailing bank’s nationalization.

February 25, 2014

Czech Republic: New Government Confirmed

Seven weeks after the national elections, the Czech Social Democrats (CSSD) have agreed to form a coalition with ANO and the Christian Democrats (KDU-CSL).

December 11, 2013

Poland Leads Ranking of Top Enterprises in CEE

Credit insurance company Coface has for the fifth time published a study about the Top 500 enterprises in Central and Eastern Europe.

September 24, 2013

Poland: Warsaw Stock Exchange to Introduce WIG30

The new index covers thirty enterprises instead of formerly twenty and reduced the dominance of the banking industry.

September 23, 2013

Electricy Thieves Caused Losses for EVN in Bulgaria.

Austrian energy provider EVN lost € 800,000 because of electricity thieves.

August 27, 2013

Slovenia: Decrease of Net Electricity

In the seven months of 2013, Slovenia's total consumption of electricity decreased for less than 1% over the same period one year ago.

August 27, 2013

Czech Republic: New Elections Expected At the End of October

Prime Minister Petr Necas’ resignation leads to new elections soon. The Social Democrats, who want to introduce the Euro, are potential winners.

August 16, 2013

EVN: Transfer of Shares

EVN carries out and terminates release of own shares to employees.

August 8, 2013

Austria: Verbund to Take Austerity Measures

Only a few months ago, CEO of Verbund Wolfgang Anzengruber promised that “2013 will become the best year in the company’s history”. However, there have been bad news for the energy company ever since.

August 1, 2013

Austria: Operative Losses for Verbund

Quarters 1–2/2013: Verbund improves EBITDA and Group result considerably. In total, the water supply, asset swap and impairments have a favourable impact on results.

July 31, 2013

EVN Forced to Lower Electriciy Prices in Bulgaria

Austrian energy provider EVN is ordered by the regulator to drop electricity prices.

July 30, 2013

Czech Republic: US Export-Import Bank Offers Loan for Temelin

The official export credit agency of the United States offers a loan under the condition that Westinghouse wins the tender.

July 30, 2013

Bulgaria to Lower Electricity Prices by August

Bulgaria will lower the price of electricity on August 1st

July 30, 2013

Czech Republic: CEZ to Postpone Completion of Temelin

Czech energy company CEZ announced that the decision for the finalization of nuclear power plant Temelin will take at least a year longer than planned.

July 25, 2013

Turkey: Erdogan Demands Peaceful End Of Protests

After his return from Northern Africa, Turkish Prime Minister Recep Tayyip Erdogan has demanded an immediate stop of protests in his country. Many Russian investors are supposed to have drawn their assets from Turkey.

June 8, 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

S&P: Austrian Energy Suppliers more Robust than Competitors

Southern European providers are especially affected by the current debt crisis. Austrian companies “seem to be immune”, the rating agency says.

November 3, 2011

Full Order Books For VTA

The Austrian water technology company expects a substantial rise in sales for 2012. Recently an order from Indonesia has been recorded.

October 30, 2011

Unequal Distribution of Wealth in Austria

The richest 10% of Austria´s population possess 54% of the monetary wealth. Regarding real estate, inequality is observed too.

October 30, 2011

More Dividends For Agrana´s Shareholders

The Austrian fruit and starch company Agrana announces a dividend increase for the business year 2011/12.

October 22, 2011

Palfinger Aims for Growth in China

The Austrian crane manufacturer, which has recently published a capital increase, will use these funds for further investments in China.

October 15, 2011

NKE Expands in Spite of Stagnation

The Austrian engineering company invests massively and created further jobs. The entry to China should bring growth again.

October 10, 2011

Energieallianz Austria Continues Expansion

The Austrian energy trading company opened its third office in Germany, where supply volumes have increased more than tenfold since 2007.

October 6, 2011

Austria and Azerbaijan Expand Cooperation

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

September 20, 2011

EnBW with New Attempt to Sell Stake in EVN

The German group intends to sell its shares in the Austrian energy company in two or three steps. It currently holds 32.5%.

September 14, 2011

AMSC Cuts Jobs in Austria

The Amercian Superconductor Corporation (AMSC) decided to cut 150 jobs at its subsidiary Windtec. In Austria, 40 positions are concerned.

September 13, 2011

EVN with Slightly Better Results after Nine Months

The Austrian energy company recorded a marginal drop in revenue. Group net profit amounted to € 207.2m, up 1.2% from the prior-year.

August 25, 2011

EVN Expands in Bulgaria

The Austrian electricity company invested € 5m in the construction of a solar power station in Bulgaria and increased its stake in a joint venture project in the country.

July 21, 2011

Verbund Sold Renewables Portfolio to Axa Private Equity

The Austrian electricity company disposed of Poweo’s renewable energy business as a step towards restructuring of its portfolio in France.

July 19, 2011

Doppelmayr Scores € 105m Contract

Doppelmayr Italia GmbH was awarded the contract for the construction of the new ropeway on the Mont Blanc.

April 29, 2011

Kapsch TrafficCom IVHS and Federal Signal Corporation enter into Cooperation for North America

Kapsch TrafficCom IVHS Corp. ("KTC ,IVHS") and Federal Signal Corp. ("FSS") have entered into a Memorandum of Understanding regarding ways in which the two organizations mutual business interests in North America.

April 20, 2011

Austria's Dairy Industry has Overcome the Crisis

Sales of dairies increased by 5%, results declined slightly. The export share is 43.5%.

April 20, 2011

AMAG: Issue Price set at € 19 per share

Trading on the official market (Prime Market) of the Vienna Stock Exchange commences on April 8, 2011

April 8, 2011

BDI - BioEnergy Builds Biodiesel Plant in Belarus

The Styrian company expands its operations to Belarus. The order value amounts to € 10m.

December 6, 2010

Wind Energy: Austrian Suppliers Export for € 450 million

More than 100 domestic companies are already working in the rapidly growing industry. Cooperation is to be strengthened now.

December 2, 2010

SW Umwelttechnik Announces Q1-Q3 2010 Results

The Vienna Stock Exchange-listed company, SW Umwelttechnik, was able to increase its turnover by 15 % to € 54.2m compared to the previous year when it reached € 47.0m.

November 24, 2010

Windtec: World Market Leader In Only 5 Years

The Carinthian developer of wind turbines has catapulted in just five years to the the position of global market leader.

November 8, 2010

Major Project for Siemens Austria in Georgia

Siemens Austria is involved in a project to develop the electricity industry in Georgia. The infrastructure project will act as a bridge between Russia and Turkey.

October 22, 2010