DOCSLIB.ORG

Presentation Alpiq

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Presentation Alpiq Norwegian Energy Partners Alpiq Holding Ltd. Lausanne, D10.06.2020 Contents 1. Alpiq at a glance 2. Alpiq’s hydropower operations 3. Working with Alpiq Hydro Switzerland Alpiq Holding Ltd. | Hydro Power Generation 2 Alpiq at a glance Alpiq in brief • Active in 30 countries throughout Europe • KPIs 2018: CHF 5.2 billion net turnover and CHF 166 million EBITDA before exceptional items • Approximately 1,290 employees • Headquarters in Lausanne, Switzerland Alpiq Holding Ltd. | Hydro Power Generation 4 Power generation In Switzerland, Alpiq is a major electricity producer and operator of • Run-of-river power plants • Storage power plants • Pumped storage power plants • Small hydropower plants • Photovoltaic systems and wind farms. Alpiq also holds shares in two nuclear power plants In Europe, Alpiq is an electricity producer and operator of • Conventional thermal power plants in Italy, Spain and Hungary • Small hydropower plants, wind farms and photovoltaic systems Alpiq Holding Ltd. | Hydro Power Generation 5 Installed capacity Hydropower: Nuclear power: Conventional Small-scale hydropower, thermal power: wind, photovoltaics: 49.0 % 13.4 % 31.6 % 6.0 % Switzerland Switzerland Europe Switzerland; Europe 2,701 MW 738 MW 1,740 MW 17 MW; 311 MW 100 % = 5,507 MW 0% 20% 40% 60% 80% 100% Source: Alpiq Annual Report 2018, adjusted Alpiq Holding Ltd. | Hydro Power Generation 6 Power generation by country Total: 12,845 GWh Switzerland 9,249 GWh (72.0 %) Italy 2,600 GWh (20.2 %) Hungary 496 GWh (3.9 %) Spain 346 GWh (2.7 %) Bulgaria 119 GWh (0.9 %) France 35 GWh (0.3 %) Alpiq Holding Ltd. | Hydro Power Generation 7 Alpiq’s hydropower operations Recent projects 2000 – ... The journey continues: overhauls, refurbishments and extensions Nant de Drance pumped storage FMHL+, 2017 Martigny-Bourg, overhaul, 2013 station + 240 MW capacity 22 MW 900 MW installed capacity Expansion with vertical ternary units Variable speed pump-turbine units Commissioning scheduled for 2021 Alpiq Holding Ltd. | Hydro Power Generation 9 Recent projects 2000 – ... The journey continues: overhauls, refurbishments and extensions Gondo Unit 3 Mottec Tannuwald 20 MW installed capacity 3x27 MW Pelton Turbine 2x2 Pelton Turbines 32 MW each Commissionned 2017 Alpiq Holding Ltd. | Hydro Power Generation 10 Assets in Switzerland Ryburg Total: 7,140 MW 11 reservoir plants Gösgen 5,500 MW Ruppoldingen 2 pumped storage plants Flumenthal 1,320 MW 6 run-of-river plants 320 MW Zervreila Engadin Blenio Electra-Massa Hongrin-Léman Maggia Hinterrhein Salanfe Cleuson-Dixence Gougra Simplon Nant de Drance Emosson Grande Dixence Martigny-Bourg Alpiq Holding Ltd. | Hydro Power Generation 11 Assets Alpiq’s shares in Swiss Hydropower Asset Short name Alpiq shareholding Installed capacity (MW) Grande Dixence GD 60% Cleuson Dixence CLD 73% 2,069 Première Dixence DIX 100% Émosson ESA 100% 420 Nant de Drance NDD 39% 900 Hongrin-Léman FMHL 39% 480 Électra-Massa EM 35% 340 Gougra FMG 54% 207 Alpiq Hydro Aare AHA 100% 94 Engadin EKW 22% 410 Zervreila KWZ 21.80% 265 Maggia OFIMA 13% 626 Salanfe SAL 100% 70 Hinterrhein KHR 9.20% 744 Blenio OFIBLE 17% 400 Simplon EES 82% 82 Ryburg-Schwörstadt KRS 13.5% 120 Martigny-Bourg FMMB 18% 22 Alpiq Holding Ltd. | Hydro Power Generation 12 Future projects 2000 – ... The journey continues: overhauls, refurbishments and extensions Gabi HPP Oberaletsch ? 2x10 MW, 295 m gross head 1x42 MW, 650 m gross head 2x 45 MW Pump-Turbines 2 vertical Pelton Turbines 1 Pelton Unit in high sediment laden Commissioning foreseen 2022 waters Commissioning foreseen after 2025 Alpiq Holding Ltd. | Hydro Power Generation 13 Working with Alpiq Hydro Switzerland Public procurement law Goods Services Construction Over the counter < 100'000 CHF < 150'000 CHF < 300'000 CHF Invitation (3 or more offers) < 250'000 CHF < 250'000 CHF < 500'000 CHF Open tender > 250'000 CHF > 250'000 CHF > 500'000 CHF International > 700'000 CHF > 700'000 CHF > 8'700'000 CHF Alpiq Holding Ltd. | Hydro Power Generation 14 Working with Alpiq Hydro Switzerland Public markets • Public tender tool with alert function : SIMAP (www.simap.ch) • Alpiq (and generally swiss) main offer evaluation criteria by order of importance : 1. Reliability 2. Quality management 3. Performance 4. Price 5. After sales services 6. Customer orientation • Highly regarded complementary competencies and qualities : • Good knowledge of the national (local) official language : French, German, Italian, • “Serious” ISO 9001-2015 quality management • Contractual fairness. Alpiq Holding Ltd. | Hydro Power Generation 15 Working with Alpiq Hydro Switzerland Hydroexploitation • Asset Service Provider/ Operator • 50% owned by Alpiq, rest by FMV and Romande Energie • Delegate purchaser for 80% of O&M and small refurbishments • Owned purchasing department: Michael Vuistiner Alpiq Holding Ltd. | Hydro Power Generation 16 Working with Alpiq Hydro Switzerland Alpiq Switzerland’s Hydropower Manufacturer Market at a glance Engineering Civil Sediment Turbine HVOF Turbine Turbines Turbines Generators Generators Automation Consulting Gates Valves Transformers contractors Management Coating Governors SH LH SH LH & BOP services Alpiq subsidiary (Hydroexploitation) Yes (EM) No No No No Refurb. Yes No No No No No Yes Swiss competitors Yes Yes No Yes Yes Yes Yes Yes Yes No Yes/No No Yes Neighbouring competitors (D, F, I, A) Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Other EU & Int. competitors No No No No No No No Yes Yes (NO) Yes Yes Yes No Level of competition Very High Very High Low Low High High Fair High Fair Very High Fair High Fair Price level Low Fair High Very High Fair Fair Fair Low Fair Low Fair Low High Alpiq Holding Ltd. | Hydro Power Generation 17 Other investments - Hydropower Digital Solutions: New sensors, Digital clones, Predictive Maintenance, Alpiq Holding Ltd. | Hydro Power Generation 18 Thanks for your attention Bernard Valluy Head of project management and innovation [email protected] Alpiq Holding Ltd. | Hydro Power Generation 19.
Load more

Recommended publications
  • Annual Report
    2016 Annual Report - Alpiq in brief Alpiq is a leading Swiss electricity and energy services provider with a European focus. The company is active in power production as well as energy trading and sales. Alpiq offers its clients extensive, efficient energy services for buildings and plants, transport technology as well as power and industrial plant engineering. In 2016, Alpiq generated net revenue of CHF 6.1 billion with approximately 8,500 employees. Production (Generation) Trading and sales activities (Commerce & Trading) Building technology, energy supply and transport technology as well as power plant and industrial plant construction (Energy Services) 2 Alpiq Annual Report 2016 - 2016 Key Financial Figures Alpiq Group Results of operations before Results exceptional items under IFRS % change 2015-2016 (results of CHF million operations) 2016 2015 2016 2015 Net revenue – 9.5 6,078 6,715 6,078 6,715 Earnings before interest, tax, – 17.7 395 480 778 50 depreciation and amortisation (EBITDA) Depreciation, amortisation and impairment – 12.8 – 191 – 219 – 399 – 561 Earnings before interest and tax (EBIT) – 21.8 204 261 379 – 511 as % of net revenue 3.4 3.9 6.2 – 7.6 Net income 150.0 115 46 294 – 830 as % of net revenue 1.9 0.7 4.8 – 12.4 CHF million Net divestments / (net investments) 598 187 Total assets 9,852 10,435 Total equity 3,886 3,819 as % of total assets 39.4 36.6 In-house generation 1 (GWh) 16,581 17,814 Number of employees at the reporting date 8,517 8,345 of which, Energy Services business division 7,112 6,948 1 Excluding long-term purchase contracts Per share data Shareholder structure % change As at 31 December 2016, the share CHF 2015-2016 2016 2015 capital of Alpiq Holding Ltd.
    [Show full text]
  • Embracing H2 As a Whole
    v.1.1/03042020/KNS Factsheet Series No. 1 EMBRACING H2 AS A WHOLE Building up a hydrogen economy and society as a whole counts as one of South Korea’s most ambitious plans. Where are the opportunities in the South Korean hydrogen market? What do Swiss exporters need to know about it? This factsheet provides an overview on the hydrogen market, policy and business opportunities in the Korean hydrogen economy. Key Points • The government is supporting up- and downstream hydrogen industries through key projects, investment and deregulation • Industry strengths: Fuel cell electric vehicles, fuel cells, applications • Key opportunity areas: Production, storage, and distribution MARKET OVERVIEW In recent years, South Korea has emerged as a strong proponent of fuel cells and hydrogen energy. Based on supportive policy measures and innovation from local industry, the country is positioned to become a global leader in fuel cells which are used for powering vehicles or providing electricity. South Korea’s key industries such as the automotive, shipbuilding and petrochemicals are already equipped with world-class technology for hydrogen utilization, especially in mobility (vehicles, drones, etc.) and applications (fuel cells). In January 2019, South Korea legislated world's first hydrogen law ("Hydrogen Economy Promotion and Hydrogen Safety Management Act") to secure grounds for promoting the hydrogen economy & society in the long-term. However, the country is lagging in upstream technologies such as production, storage, as well as distribution infrastructure/equipment. Thereof, the importance of acquiring upstream technologies is addressed in the country’s Hydrogen Economy Roadmap, which aims to foster new industries, to reduce greenhouse gases and fine dust, and to ensure energy security.
    [Show full text]
  • Phasing out Coal in Europe by 2025
    Briefing No.16, February 2019 Climate policy Phasing out coal in Europe by 2025 Alaska a f or t S ea d B ea u E n a a st a S i b C er i a n S ea S O e k a h of ot sk n o s y d a u B H J a p a S n ea o f a J G a n p i a r n e h ( e D C en n .) l a n d Svalbard (Nor.) J A r an M c t i c n aye O c e a n (No n S ea o r.) n t s i a Ice B a r e t i la a l N nd r e o o d g e n r F t T o h he n Fae a M (D roe s i A en.) s s O t R u c l e a Finland a n N n t i orway c Sweden N o a Es nia r th e to S Ir a ela Denm c nd Se ark ti n a l ia n i a Latv a B t h Un Lithuania h s K ited Th R k C ingd N e ussia a om ether a z lands Belarus K B elgium Germ Poland A any zo Luxe P r mbo Czech or es urg t. B a Rep. ) y o Liechte U k r a i n e n B f F nstein Slovakia ta i sc r a Swit Aust is ay n c zerland ria ek e Rep.
    [Show full text]
  • Energy Sectors & Industries
    Sectors & Industries Energy Sectors & Industries Schellenberg Wittmer’s exper- including disputes related to price procedures concerning energy and tise in the energy sector spans revision of long-term gas contracts, grid tariffs, etc. the full range of legal disciplines. PPAs, energy construction projects, joint ventures, etc. Litigation/arbitration: The Energy Group offers indus- — Representation of the Russian Feder- try-specific advice and legal Deals and Cases ation before the Swiss Supreme Court representation in all sub-sectors, Transactions: in setting-aside proceedings related including oil & gas, electricity — Counsel to Bouygues Construction to an award rendered under the Ener- and renewables. Our transaction- in its acquisition of Alpiq Engineering gy Charter Treaty (ECT) al and regulatory advisory activity Services, a leading Swiss player in — Counsel to large international group the energy, industrial services and rail active in the energy and commodity is complemented by the repre- infrastructure sectors for CHF 850 trading sectors in a EUR 20 million sentation of our clients in civil million commodity trading dispute under and administrative proceedings — Counsel to Canton of Graubünden Senegalese law before Swiss courts and regula- and Axpo Holding AG, the main share- — Representation of a leading energy tors. Our international litigation holders in SIX-listed electric power company in a price revision dispute and arbitration practice covers company Repower AG, in connection — Defence of a leading Russian energy all markets, including emerging with Repower’s strategic reposition- company against a corporate liability ing, delisting and CHF 170 million claim brought by the European Bank markets, particularly in Asia, capital increase subscribed by EKZ for Reconstruction and Development where we operate an office in and UBS Clean Energy Infrastructure to the Swiss courts Singapore.
    [Show full text]
  • Cp Eosh Alpiq 19 12 08 E
    Press release for editorial desks EOS Holding shareholders welcome the creation of Alpiq Lausanne, 19 December 2008 – FMV, Groupe E, Services Industriels de Lausanne (SIL), Romande Energie and Services Industriels de Genève (SIG) hail the signing of the definitive transaction agreements that will lead to the creation of Alpiq in early 2009. EOS Holding, which will own 31% of Alpiq, will continue to exist in order to represent and defend the interests of Western Switzerland in the new group. It will also serve as a joint platform for providing financing aimed at encouraging energy efficiency and developing indigenous electricity production, particularly through the use of new renewable energies. Alpiq, a Swiss company on a European scale The shareholders of EOS Holding (EOSH) – FMV (5.87%), Groupe E (22.33%), the City of Lausanne (20.06%), Romande Energie (28.72%) and SIG (23.02%) – welcome the completion today of the link-up initiated by EOSH in 2004 to form the largest energy group in Switzerland. Alpiq will be a major player in Europe and majority-owned by the Swiss public sector. It will control extensive production facilities, which is a key factor for ensuring a secure and long-term energy supply for its shareholders. EOS Holding's new role will be to invest on behalf of Western Switzerland FMV, Groupe E, the City of Lausanne, Romande Energie and SIG decided not to dissolve this holding company. Its new purpose is twofold: to defend the interests of Western Switzerland within Alpiq and to support large-scale projects. Thanks to its asset contribution, EOSH will hold 31% of Alpiq and receive compensation of approximately CHF 1.8 billion.
    [Show full text]
  • Advancing Sustainable Hydropower Activity and Strategy Report
    advancing sustainable hydropower activity and strategy report 2018 - 2019 IHA Central Office Chancery House St Nicholas Way Sutton London SM1 1JB United Kingdom T: +44 20 8652 5290 F: +44 20 8643 5600 E: [email protected] IHA Regional and National Offices IHA China Office c/o China Institute of Water Resources and Hydropower Research A1 Fuxing Road Beijing, 100038 China E: [email protected] IHA South America Office Back cover image: The 480 MW Forces Motrices Hongrin Léman (FMHL) power station in Veytaux, Switzerland. Credit: www.dpicard.ch c/o Itaipu Binacional Av. Tancredo Neves, 6.731 FHML will be part of an upcoming study tour to Switzerland CEP 85856-970 Foz do Iguaçu hosted by Alpiq between 17 to 18 May 2019, following the World Paraná, Brasil Hydropower Congress in Paris. Other post-Congress tours will take E: [email protected] place in France, Germany, Luxembourg and Portugal. 2 | International Hydropower Association | Activity and Strategy Report 2018-19 Advancing sustainable hydropower Introduction Foreword 5 Our mission 6 Our history 7 Membership 8 Become a Fellow 10 News and events 12 Hydropower Pro 16 Knowledge networks 18 Knowledge building The status of hydropower: monitoring the sector 20 Clean energy systems: highlighting the expansion of hydropower’s role 22 Regional interconnections: connecting hydropower 24 Hydropower preparation facility: a model for sustainable projects 26 Green bonds: unlocking the market 28 Climate mitigation: assessing greenhouse gas emissions 30 Climate resilience: developing a guide
    [Show full text]
  • Robust Business Model, Even During a Pandemic
    Media Release 24 August 2020 _____________________________________________________________ Robust business model, even during a pandemic • COVID-19 pandemic: Alpiq business model has proved to be robust • Swiss power production, European and trading business profitable with EBITDA before exceptional items of CHF 116 million • Liquidity strengthened – solid equity ratio • Positive results of operations expected for the 2020 financial year • Strategy focuses on strengthening climate protection and security of supply Lausanne − The Alpiq Group (Alpiq) generated EBITDA before exceptional items of CHF 116 million in the first half of 2020 (first half of 2019: CHF 55 million). All three business divisions made positive contributions to earnings. At CHF 37 million, Swiss power production was up on the previous-year period (CHF -56 million) as expected, international power production closed positively despite the phase-out of coal at CHF 24 million (CHF 60 million), international energy trading generated earnings of CHF 58 million in the first half of 2020 that were up on the earnings of the previous-year period (CHF 53 million) and made the biggest contribution to results of operations. Alpiq business model has proved to be robust The COVID-19 pandemic resulted in dramatically lower demand for electricity from industrial customers, especially in April and May, and therefore in very low electricity prices. Alpiq was well protected against these negative effects thanks to its hedging of power production over two to three years. Moreover, Alpiq was able to leverage numerous opportunities on the international energy markets. To some extent, this made up for the lower demand in the international industrial customer business.
    [Show full text]
  • Operation & Maintenance Strategies for Hydropower
    OPERATION & MAINTENANCE STRATEGIES FOR HYDROPOWER Handbook for Practitioners and Decision Makers 10033_ESMAP_CVR Main report.indd 1 2/5/20 9:23 AM © 2020 International Bank for Reconstruction and Development/The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522- 2625; e-mail: [email protected]. Cover photo/illustration: Pierre Lorillou Cover design: Duina Reyes 10033_ESMAP_CVR Main report.indd 2 2/5/20 9:23 AM Operation and Maintenance Strategies for Hydropower Handbook for Practitioners and Decision Makers 10033_ESMAP_Hydropower_Main Report_new.indd 1 2/5/20 2:05 PM CONTENTS Acknowledgments .
    [Show full text]
  • Alpiq Generates Positive Results for First Half of 2021
    Ad hoc media release 26 August 2021 _____________________________________________________________ Alpiq generates positive results for first half of 2021 • EBITDA before exceptional items: CHF 80 million • Swiss power production and energy trading below previous year, international production above previous year • Solid balance sheet thanks to systematic financial strategy • Focus on profitability and sustainability of business activities • Michel Kolly, member of the Executive Board, to leave Alpiq • Positive results of operations before exceptional items expected for 2021, below the previous year Lausanne – The Alpiq Group (Alpiq) generated EBITDA before exceptional items of CHF 80 million in the first half of 2021 (first half of 2020: CHF 119 million). All three business divisions operated positively. At CHF 15 million, Swiss power production was down on the previous-year period (CHF 48 million) as expected; at CHF 42 million, international power production closed above the previous-year period (CHF 28 million), international energy trading recorded earnings of CHF 41 million in the first half of 2021 (CHF 61 million). Solid balance sheet thanks to systematic financial strategy Alpiq stands on a solid footing and systematically continued its financial strategy. Net cash flows from operating activities decreased slightly from CHF 180 million to CHF 172 million. Net debt was reduced to CHF 145 million (31 December 2020: CHF 249 million). As a result, the gearing ratio (net debt/EBITDA before exceptional items) decreased from 1.0 at 31 December 2020 to 0.7 at 30 June 2021. Liquidity amounts to CHF 1.018 billion (31 December 2020: CHF 0.963 billion). At CHF 3.865 billion at 30 June 2021, equity is CHF 93 million higher than at the end of 2020.
    [Show full text]
  • Financial Report
    Alpiq Annual Report 2020 Table of contents 47 Financial Report Financial Review 48 Consolidated Financial Statements of the Alpiq Group Consolidated Income Statement 54 Consolidated Statement of Comprehensive Income 55 Consolidated Balance Sheet 56 Consolidated Statement of Changes in Equity 58 Consolidated Statement of Cash Flows 59 Notes to the Consolidated Financial Statements 61 Statutory Auditor’s Report on the Audit of the Consolidated Financial Statements 124 5-year Overview 129 Alpiq Holding Ltd. Management Report 131 Financial Statements 132 Proposal of the Board of Directors 141 Report of the Statutory Auditor on the Financial Statements 142 Alpiq Annual Report 2020 Financial Review 48 Financial Review The Alpiq Group generated operational EBITDA of CHF 262 million in the 2020 financial year. As announced, this is up on the previous year. All three business divisions made positive contributions to earnings. At CHF 135 million, Swiss power production was up on the previous-year period (previous year: CHF ‑6 million) as expected, on account of the hedged wholesale prices. Despite the phase-out of coal in the previous year, international power production closed positively at CHF 59 million, however, as expected did not reach the previous-year level. Energy trading generated earnings of CHF 99 million in the 2020 financial year, exceeding the previous year (CHF 56 million). On 24 June 2020, the Annual General Meeting of Alpiq Holding Ltd. approved the squeeze-out merger with Alpha 2020 Ltd. proposed by the Board of Directors. Alpiq Holding Ltd. was merged as the transferring company into Alpha 2020 Ltd., which was renamed Alpiq Holding Ltd.
    [Show full text]
  • PRESS RELEASE Building a Resilient, Renewable Power System with Innovative Hydropower Technology
    Embargoed until Tuesday 10 December 2019, 10:00 Central European Time (CET) PRESS RELEASE Building a resilient, renewable power system with innovative hydropower technology 10 December 2019 - A major new energy innovation project to demonstrate how smart hydropower technologies can deliver a low-carbon, reliable and resilient power system was launched today. The €18 million initiative was announced by the European Commission and a consortium of 19 partners at the United Nations climate change conference (COP25) in Madrid, Spain. It will show how innovative and flexible hydropower systems can help countries across the world meet their renewable energy targets. The XFLEX HYDRO (Hydropower Extending Power System Flexibility) project is a four-year initiative by leading utilities, equipment manufacturers, universities, research centres and consultancies. It will demonstrate how modern hydropower plants can provide the vital power grid services required by variable renewables such as wind and solar power. The launch comes after a major UN Emissions Gap Report looking at ways to reduce global carbon emissions said that greater power system flexibility was “key” to integrating larger shares of variable renewable energy into the power supply. The XFLEX HYDRO technologies to be tested are enhanced variable- and fixed-speed turbine systems, smart controls and a battery-turbine hybrid, each of which will be demonstrated at hydropower plant sites across Europe. The project will conclude in 2023 by delivering a roadmap to increase adoption of the technologies across the hydropower fleet, with policy and market recommendations for governments, regulators and industry. The initiative has received funding from the European Union’s Horizon 2020 research and innovation programme.
    [Show full text]
  • Energy Is Our Business
    Energy is our business Annual Report 2008 Alpiq Holding Ltd. (formerly Atel Holding Ltd) Bahnhofquai 12 CH-4601 Olten Tel. +41 62 286 71 11 Fax +41 62 286 73 73 www.alpiq.com Atel Group Annual Report 2008 As a leading energy services provider operating through- out Europe, Atel generates, trades and sells electricity, and also provides a broad range of energy services cov- ering all aspects of energy and its applications. Subsidiaries and branches Energy segment Energy Services segment Power generation Electricity sales and trading (exchanges / OTC market) As a leading energy services provider operating through- out Europe, Atel generates, trades and sells electricity, and also provides a broad range of energy services cov- ering all aspects of energy and its applications. Subsidiaries and branches Energy segment Energy Services segment Power generation Electricity sales and trading (exchanges / OTC market) Mission Statement Atel is an energy company that is active throughout Europe with strong roots in Switzer- land. Energy has been Atel’s core business for more than 110 years. Its activities in the fi eld of power generation, trading, sales and energy services are supported by pan-European partner- ships built on mutual trust. Atel acts with social responsibility, ever-mindful of the needs of customers, shareholders, employees and the community alike. 2 Key Figures 2008 Atel Group + / – variance 2007 – 2008 in % 2007 2008 2007 2008 (based on CHF) CHF million CHF million EUR million EUR million Energy sales (TWh) – 25.2 128.841
    [Show full text]