Adhoc: VERBUND Decision on the thermal power plant portfolio

5/14/2014Vienna

Massive distortions in the European electricity market are creating sector-wide pressure on profitability, particularly in the thermal area, adversely affecting all utilities. In recent months, VERBUND has intensively examined all options for optimising the entire thermal power plant portfolio and plans to implement the following measures, which will result in lasting economic improvement in subsequent years:

  • temporary decommissioning of the Mellach combined cycle gas turbine power plant,
  • temporary decommissioning of the French Pont-sur-Sambre and Toul combined cycle gas turbine power plants,
  • closure of the Dürnrohr hard coal power plant and
  • closure of the Neudorf/Werndorf II oil-fired district heating power plant.

The Mellach hard coal power plant will remain in operation for supplying district heating to the city of Graz.

These measures have yet to be approved by the Supervisory Board of VERBUND.

Contact

Andreas Wollein Andreas Wollein

Head of Group Finance, M&A and Investor Relations

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