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Energy Industry

Kuwait Petroleum Interested in Croatian and Bosnian OMV Stations

OMV sells 91 petrol stations in Croatia and Bosnia. After the Croatian INA has announced to have submitted a binding offer, Kwait Petroleum shows interest.

September 14, 2012

RWE Agrees to Strategic Collaboration with Serbian Energy Utility EPS

The German energy group has signed a Memorandum of Understanding on further development of energy generation in Serbia. The focus will be on laid on hydropower.

September 11, 2012

Verbund Commissions 100 MW Wind Farm in Romania

The Austrian energy group´s 100 MW wind farm of Casimcea I, close to the Romanian Black Sea Coast, joins the grid.

September 11, 2012

Romanian Romgaz to be Privatized

The privatization of Romgaz at Bukarest Stock Exchange may become Romania´s biggest IPO. According to the Romanian news agency hotnews, other big privatizations in Romania may be postponed.

September 10, 2012

Germany to Depend on Austria´s Electricity “for the next 50 years“

After Germany´s nuclear exit, the German energy production faces new challenges, Michael Fuchs at the biggest German power grid operator Tennet thinks that Austria and Germany have a symbiotic relationship.

September 8, 2012

Takeover of OMV´s Petrol Stations: INA Faces Legal Restrictions

The Austrian OMV Group plans to withdraw from Croatia and Bosnia. The Croatian subsidiary of MOL is interest in OMV´s petrol stations, but may face legal restrictions from a competition law point of view.

September 7, 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

OMV and Total Start Gas Drillings in Bulgaria´s Black Sea

Bulgaria wants to reduce its dependence on Russian energy. Together with the French Total Group and the Spanish Repsol Group, Austrian OMV begins test gas drillings in the Bulgarian Black Sea.

September 1, 2012

EVN Posts Solid Results

Outlook 2011/12: Group net profit is expected to be at the same level of the previous year. Refinancing syndicated revolving credit facility of € 500.0m.

August 30, 2012

Hungary to Nationalize Energy Industry

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

August 29, 2012

Verbund Invests in German Wind Power

With the acquisition of five wind farms in Germany, the Austrian energy company enlarges its hydropower portfolio.

August 23, 2012

Verbund: Sale of Enerjisa May Bring Synergies

The German energy group eon is said to be interested in Verbund´s stake in the Turkish Enerjisa. In exchange, Verbund should receive hydro power plants in Southern Germany and Austria.

August 20, 2012

Verbund: Erste Group Pessimistic

The Austrian energy company is expected to record lower earnings in the coming years.

August 7, 2012

Roiss Claims Energy Strategy

Gerhard Roiss, CEO of the Austrian energy company OMV, warns of a withdrawal of the energy-intensive industry tot he U.S.

July 26, 2012

Verbund Increases Operating Result and Group Result

Verbunds´Operating result: +11.9% to € 434.7m Group result: +12.4% to € 198.2m 2012 outlook: operating result of about € 800m, Group result of about € 350m.

July 25, 2012

Verbund: Substantial Rise in Net Income Expected

Tomorrow, the Austrian energy company Verbund will announce ist first quarter results for 2012.

July 24, 2012

Austrian-Bulgarian Economic Forum

The event takes place on September 18, 2012 at the Austrian Federal Economic Chamber, Vienna.

July 23, 2012

Verbund Modernises Styrian Hydropower Plants

Austrian Verbund invests € 400m in hydropower plants. „Annual electricity requirements of all private households in Styria already met with clean hydropower.“

July 20, 2012

Energochemica Enters the Prague Stock Exchnage

Energochemcia SE officially announced its intention to enter the Prague Stock Exchange (PSE). The company wants to focus on acquisitions of key energy and chemical industry companies.

June 29, 2012

Austrian Presence at Intersolar North America

Austrian companies will show their new innovations in San Francisco, California on July 10 – 13.

June 28, 2012

Kelag Invests € 60m in Kosovo

The Austrian regional energy supplier celebrated the ground-breaking ceremony of a major power plant in Kosovo this week. Investments will total € 60m.

June 27, 2012

Austria’s Most Powerful Power Plant Inaugurated

New combined cycle gas turbine plant saves up to two million tons of CO2 annually, the Austrian energy provider Verbund says. The company expects lower results in the first half of 2012.

June 22, 2012

Nabucco „Not Essential“ for EU

For the EU Commissioner Günther Oettinger, it is not important which pipeline ships natural gas to Europe.

June 22, 2012

Intensive Talks between OMV and Romanian Government

The Romanian Prime Minister Victor Ponta initiated talks with the Austrian oil and gas group OMV. Romania wants to control fuel prices in future.

June 19, 2012

Nabucco: EU Commission is in Doubt

The Commission of the European Union emphasizes that Nabucco is still an option. Nevertheless, there would be cheaper options.

June 18, 2012

Mitterlehner: „Romania is an Important Trading Partner“

Austria´s Minister of Economic Reinhold Mitterlehner sees many business opportunities for Austrian enterprises in Romania. Above all, the energy sector is highly promising, Mitterlehner says.

June 18, 2012

Austria Among European Renewable Energy Nations

The contribution of renewable energy was up to 12.4% of energy consumption in the EU27 in 2010. The highest share is observed in Sweden, Latvia, Finland, Austria and Portugal.

June 18, 2012

Austrian E-Control Supports Shale Gas Exploitation

Walter Boltz, CEO of the Austrian energy market regulator, thinks that Europe would benefit from the shale gas exploitation.

June 13, 2012

Verbund and EVN Develop Hydro Power Projects in Albania

The Austrian energy companies are interested in developping hydro power projects in the Western Balkan country. The investment volume reaches € 80m.

June 6, 2012

EVN Takes up € 500m Loan

The Austrian energy company secured fefinancing of ist existing syndicated revolving credit facility.

June 4, 2012

Solar Heating Specialist TiSUN expands to Asian markets

In 2011 the Austrian company, TiSUN GmbH, established a subsidiary company in Mumbai, TiSUN-EDES Solar (India) Pvt. Ltd., in order to be able to service the vast Asian market more efficiently.

June 1, 2012

Energy: Germany and Austria Agree on Closer Cooperation

German dena and Austrian Verbund advocate stronger German-Austrian energy partnership and aim to build more pumped storage power plants for the integration of wind and solar power.

June 1, 2012

Stable Results at EVN

The Austrian energy supplier reports stable revenues and earnings in the first quarter of 2012. Net income soared by 13.6%.

May 31, 2012

BP: „Nabucco is Dead“

British Petroleum pronounces the initial Nabucco project dead. RWE supports the new version “Nabucco West”.

May 25, 2012

Sorger Underlines Austrian Crisis Management

The President of the Federation of Austrian Industries Veit Sorger reaffirms the necessity of austerity and investments of the private sector.

May 19, 2012

Sorgenia Develops New Business Model

The Milan-based Sorgenia, in which Austrian Verbund has an interest, has developed a balanced portfolio of activities in Europe and South America with a substantial growth potential.

May 18, 2012

BDI: Sharp Cut in Earnings

BDI - BioEnergy International AG, specialised plant manufacturer in the Waste to Energy field, recorded a massive decrease in revenues and profits.

May 12, 2012

Austria Emphasizes Importance of Partnership with Russia

Austrian State Secretary Wolfgang Waldner meets Russian Deputy Foreign Minister Titov.

May 8, 2012

Global Demand for Solar Technology from Austria

Riyadh, the capital of Saudi Arabia, is currently home to the world's largest solar thermal plant. The technology behind this plant came from Austria.

May 8, 2012

Nabucco: Azerbaijan´s Nassirov Optimistic

Elshad Nassivor, Vice CEO of the Azerbaijani oil and gas group Socar is optimistic to create a connection with Austria´s gas hub in Baumgarten.

May 5, 2012

Verbund Wants to Leave France

After the sale of its stake in Poweo, the Austrian energy company intends to sell the remaining gas power plants in France.

May 5, 2012

Verbund Posts Substantial Improvement in Earnings

Operating result rose by 22.2% to € 263.6 m. Group profit increased by 10.16%. Nevertheless, the Austrian energy company remains below market expectations.

May 3, 2012

Vorarlberger Kraftwerke: Slight Increase in Results

Net income moved from € 40.2m to € 43m. Revenues reached 449.2m.

April 28, 2012

Sorgenia Will not be Sold

The Italian energy group will not be sold. The major owner CIR declines market rumors.

April 26, 2012

Hydro Power: Investments of € 16bn Planned

The Austrian energy Industry Calls for the construction of more hydro power plants. The renewable energy production should be enlarged considerably.

April 24, 2012

MOL May Leave Nabucco Project

Hungarian Prime Minister Viktor Orban said that MOL the country’s largest company by market capitalization, is leaving the € 7.9bn ($ 10.4bn) Nabucco natural gas pipeline project.

April 24, 2012

Sorgenia Records Losses

The Italian subsidiary of the Austrian energy company Verbund registered net losses of € 14.7. Revenues were up by 9.5%.

April 21, 2012

Siemens Austria and Verbund to Establish Electric Mobility Provider

The technology and electricity company found a joint venture in order to serve and develop the Austrian electric mobility market.

April 20, 2012

EVN Expands into Serbia

EVN subsidiary WTE Wassertechnik GmbH wins the contract for construction of a drinking water treatment plant in Zrenjanin, Serbia.

April 19, 2012

€ 8.0bn for Upgrade of Austrian Power Grid

According to the Austrian E-Control authority, the Austrian economy needs massive investments in the power grid. The upgrade to “smart grids” would be essential.

April 18, 2012
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