Annual Report 2020
ANNUAL REPORT 2020 Creos Luxembourg S.A. Registered as a société anonyme (public limited company) under Luxembourg law with capital of EUR 198,851,260 Luxembourg Trade and Companies Register B 4513 Legal headquarters: 59-61, rue de Bouillon, L-1248 Luxembourg Annual General Meeting of 11th May 2021 Reports presented to the annual general meeting of shareholders by the Board of Directors and the independent auditor Reports and annual accounts for the 2020 financial year Table of contents 1. STRATEGY AND OUTLOOK 7 Interview: A year marked by resilience 8 Shareholder structure 14 Key figures 14 Mission 15 Corporate governance 16 Highlights 2020 18 SuperChargy report: Creos gives electro-mobility a boost 22 Human resources: A workforce and careers in constant evolution 28 Health and safety: Well-trained employees are our capital 30 2. ACTIVITY 33 Electricity 37 Evolution of the electricity grid 41 Evolution of the national load 42 Electricity consumption 44 Injections into the electricity network 46 Evolution of the peak and network demand 47 Network reliability 48 Natural gas 51 Evolution of the natural gas grid 54 Volume transported 56 Demand on the Luxemburgish market 56 Evolution of the network peak 58 Breakdown of flows per point of interconnection 58 Subsidiaries, equity interests and partnerships of Creos Luxembourg 61 3. MANAGEMENT REPORT OF THE BOARD AND ANNUAL ACCOUNTS 69 Management report of the Board 70 Annual accounts 76 Independent auditor's report 91 Strategy and outlook 7 1. Strategy and outlook “Our major role is to prepare the country for its energy revolution. In the future, we will have to strengthen our power lines even more and find an alternative for our natural gas networks.
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