Bern (ots) - BKW FMB Energy Ltd (BKW) notes with concern the results of the Federal Council's energy policy review. The decision to opt for a phased but definitive withdrawal from nuclear energy with no replacements for the existing nuclear power plants will make it difficult in future to guarantee a reliable, ...
Bern (ots) - Shareholders of BKW FMB Energy Ltd were presented with solid operating results for fiscal 2010 at the 108th General Shareholders' Meeting. The General Meeting approved the 2010 annual and consolidated financial statements and voted in ...
Bern (ots) - BKW FMB Energy Ltd (BKW) takes note of the decision by the Federal Electricity Commission (ElCom) in mid-April 2011 in favour of reducing the chargeable operating costs for the BKW distribution grid by CHF 15 million per year. For the 4th quarter of the current financial year, when the reduction will first take effect, this means a reduction of around CHF 4 million. BKW accepts this decision and will create ...
Bern (ots) - BKW FMB Energy Ltd (BKW) has launched a review of its corporate strategy in the wake of the events in Japan. The review will cover an analysis of various options and time frames for replacing Mühleberg nuclear power plant, and examine their feasibility and financing options. The most sustainable domestic variant, with a high proportion of renewable energies, can only be achieved if Mühleberg nuclear power ...
Bern (ots) - BKW FMB Energy Ltd (BKW) is following the disastrous events in Japan, and in particular the situation at Japanese nuclear power plants affected by the earthquake and tsunami, with the utmost concern. It is endeavouring to obtain a clear picture and conduct initial analyses as quickly as ...
Bern (ots) - The BKW Group held its ground in the difficult market and financial environment of 2010, ending the year with total consolidated operating revenue of CHF 3,187 million, down 11.3% versus 2009. The volume of electricity sold in 2010 dropped by 2.3% to 26,684 Gigawatt hours (GWh). The national and international energy business put in a positive ...
Bern (ots) - At the General Shareholders' Meeting to be held on 13 May 2011, the Board of Directors of BKW FMB Energy Ltd (BKW) will propose the election of Ueli Dietiker to the Board of Directors. Ueli Dietiker is currently Chief Financial Officer and Deputy CEO of Swisscom Ltd. Thanks to his long track record, ...
Bern (ots) - BKW FMB Energy Ltd (BKW) notes with satisfaction that the majority of Bernese voters have supported the positive view of the canton of Berne towards a replacement nuclear power plant in Mühleberg. This vote strengthens the position of Mühleberg, which is important for energy security throughout ...
Bern (ots) - BKW FMB Energy Ltd (BKW) is engaged in acquiring from Ascométal the Allevard hydroelectric power plant group in the French Alps near Chambéry. The Allevard power plant group comprises four hydroelectric power plants with a collective capacity of 30 Megawatts (MW) and an annual production volume of around 140 Gigawatt hours. The parties have agreed not to disclose the purchase price. The transaction ...
Bern (ots) - BKW FMB Energy Ltd (BKW) has lodged an appeal with the Federal Court against the decision of the Federal Administrative Court dated 11 November 2010 upholding a ruling by the Federal Electricity Commission (ElCom) which decreed a reduction in the chargeable costs for the transmission network ...
Bern (ots) - The Dubener Platte wind farm of BKW FMB Energy Ltd (BKW) started to generate electricity at the end of December 2010. BKW acquired the wind farm from Ventotec GmbH in Lower Saxony, Germany, in September 2010. Situated in Luckau, Brandenburg, the facility has an installed capacity of 40 MW and, with 20 turbines, will generate around 85 GWh of ...
Bern (ots) - BKW FMB Energy Ltd (BKW) is negotiating with Ascométal with a view to acquiring the Allevard hydroelectric power plant group in the French Alps near Chambéry. The acquisition project is being pursued as part of BKW's foreign growth strategy. The Allevard power plant group comprises four hydroelectric power plants with a collective capacity of ...
Bern (ots) - BKW FMB Energy Ltd (BKW) is to acquire from Fortore Energia S.p.A. four wind farms in Italy and will dispose of its stake in Fortore Wind. In the spring of 2009 BKW entered the wind power business in Italy by acquiring a 33% interest in the newly-founded Fortore Wind Srl from Fortore Energia, which held on to the remaining 67% stake in the new company. Fortore Energia is now buying back BKW's ...
Bern (ots) - An important milestone has been reached in the framework permit application process for replacement nuclear power plants in Beznau and Mühleberg. The Beznau and Mühleberg sites have been declared suitable for these replacement facilities. The Swiss Federal Nuclear Safety Inspectorate (ENSI) has confirmed their suitability in its definitive ...
Bern (ots) - Lonza AG in Visp has entered into a partnership with BKW FMB Energy Ltd (BKW) in the field of energy logistics and procurement management. Lonza plans to purchase its energy - around 500 GWh per year - on the free market in future, and has selected BKW as its partner of preference. BKW has contracted to support Lonza AG with its energy procurement strategy and sustainably implement the related ...
Bern (ots) - BKW FMB Energy Ltd (BKW) is focusing its activities in Germany on expanding production and on trading, and has sold its sales company to Luxembourg-based power supplier Enovos Luxembourg S.A. The shares will be transferred with effect from 1 January 2011. The transaction is subject to final approval by Germany's Federal Cartel Office. The parties ...
Bern (ots) - BKW FMB Energy Ltd (BKW) is expanding its commitment to wind energy and acquiring the project rights to a wind farm in the north-east German state of Brandenburg. Project developer of the 40 MW wind park is the Ventotec GmbH based in Lower Saxony. Work on constructing the wind farm is already underway, with commissioning expected in the last quarter ...
Bern (ots) - BKW FMB Energy Ltd (BKW) is today issuing two fixed interest bonds, one worth CHF 150 m. due to mature in 8 years, and one worth CHF 300 m. due to mature in 20 years. A syndicate of banks headed by Zurich Cantonal Bank and Credit Suisse is directly underwriting both bonds. With a coupon rate of 1 7/8% and 2 ½% respectively, the syndicate is offering the bonds for public subscription at market rates ...
Bern (ots) - Despite a difficult economic and regulatory environment, the BKW Group maintained its market position, and achieved a gratifyingly sound result for the first six months of 2010. The result reflects the operating strength, low energy prices on the international markets, the falling stock markets and the low value of the Euro. Compared with the same ...
Bern (ots) - As of January 1, 2011, BKW FMB Energy Ltd (BKW) is grouping together its international wind activities in a specially created business unit, "Wind International". This combination takes into account BKW's broad commitment to wind energy and will lead to greater efficiency in business processes. ...
Bern (ots) - BKW FMB Energy Ltd (BKW) has restarted operations at Mühleberg nuclear power plant (KKM) following a scheduled four-week annual revision and approval from the Federal Nuclear Safety Inspectorate (ENSI). As part of the revision, BKW carried out various important renovation and maintenance work and performed the usual repeat tests on the plant's ...
Bern (ots) - A planned shutdown of Mühleberg nuclear power plant (KKM) operated by BKW FMB Energy Ltd (BKW) was carried out on 15 August 2010 in order to perform the annual revision and change the fuel elements. The revision is scheduled to last around four weeks. In the interests of the plant's long-term operation, BKW will be carrying out some important renovations and maintenance work. For 8,163 hours ...
Bern (ots) - BKW FMB Energy Ltd (BKW) has acquired a stake in the Trianel Borkum West II offshore wind farm in the North Sea off Germany. On completion, the wind farm of the European network of municipal utilities, headquartered in Aachen, will boast a total capacity of 400 MW. In a first step, the project plans to build a 200-Megawatt (MW) facility which will go into operation from 2012. The second phase is scheduled for commissioning in 2013. Thanks to its stake, ...
Bern (ots) - Dirk Steinheider, one of the two representatives of E.ON Energie AG on the Board of Directors of BKW FMB Energy Ltd (BKW), is standing down from the BKW Board with immediate effect. The move is related to the repurchase by BKW of E.ON's stake in BKW. Steinheider was elected to the BKW Board of Directors at the General Meeting of Shareholders held on ...
Bern (ots) - Effective 1 October 2010, BKW FMB Energy Ltd (BKW) is increasing its energy supply prices by an average of 6%. Last year, in view of the difficult economic situation, BKW decided not to increase electricity prices as necessity demanded. Now, however, due to increases in various costs, the adjustments can no longer be postponed. For BKW customers, the price adjustments vary depending on the customer ...
Bern (ots) - E.ON Energie AG is to sell its shareholding in BKW FMB Energy Ltd (BKW). E.ON, BKW and Groupe E AG have agreed on the terms of repurchase/conditions of purchase. E.ON's rationale for selling the stake was a reassessment of its strategy. By buying back the shares, BKW will expand its strategic room for manoeuvre. E.ON acquired its stake in BKW in two stages in 1997 and 1999. Following a ...
Bern (ots) - The Executive Council of the Canton of Berne has appointed State Councillor Beatrice Simon, the new Director of Finance, as cantonal delegate to the Board of Directors of BKW FMB Energy Ltd (BKW) with effect from 1 June 2010. She succeeds Urs Gasche, who has stood down as Director of Finance of the Canton of Berne and has now been elected as ...