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Verbund Concludes Takeover of Bavaria's Inn Power Plants
With the final takeover on 31st of August, Verbund has concluded the acquisition of 13 E.ON hydropower plants on Bavaria's River Inn that was announced in June of this year. The 13 hydropower plants with a capacity of 312 megawatts will be managed by VERBUND-Innkraftwerke GmbH, which has its headquarters in Töging/Bavaria.
Walter Mayer (50) has a degree in Social and Economic Sciences from Graz University. He started his career at Steirische Wasserkraft- und Elektrizitäts-Aktiengesellschaft where he managed the Corporate Planning and Controlling department until the thermal power stations of STEWEAG and Verbund were merged. From 2002 to 2005 he was in charge of the Controlling/Human Resources section at VERBUND-Austrian Thermal Power. In February 2005, Mayer switched to Energie Steiermark AG where he headed Group Controlling & Treasury.
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