E.ON to merge three subsidiaries

12 November 2002 - German multi-utility group E.ON is to merge three of its subsidiaries in North Germany, a spokesman for one of the affected units said Monday.

The merger will be effective from 1 January 2003 and will form a unit with ten billion kWh of annual sales

"The Hamelin-Pyrmont regional administration and E.ON signed an agreement declaring the co-operation was desirable and it was their intention to complete the move," a spokesman for Elektrizitaetswerk Wesertal in Lower Saxony state said.

According to the agreement, Wesertal will be merged with Herford-based EMR and Pesag of Paderborn, both to the west of Hamelin in Northrhine-Westphalia, into a company with the working title EPOS.

Selling power, gas, heat, water and waste handling services to 650 000 customers, the company will become one of the ten leading regional utilities in Germany.

E.ON, which has a declared strategy of merging small supply subsidiaries to form large regional entities, bought Wesertal from Finland's Fortum in April, when the Finnish company pulled out of German electricity sale and supply to raise finance for Swedish power sector acquisitions.

E.ON has a 54.51 per cent share in Pesag and owns just under 51 per cent in EMR. The two companies have adjacent supply grids.

A statement distributed by Wesertal said E.ON had given the regional government assurances that Hamelin would remain an important technical centre within the new firm's set-up and that its 280 jobs were safe for another two years.

Recommend this article Recommend this article () Yo recommended this article Yo recommended this article ()
Follow Power Engineering International on Twitter

Editor's Picks

Borwind

Siemens to lead major grid connection project

Siemens has been chosen to lead a consortium responsible for constructing and installing an offshore wind connection in th...
Rajendra Pachauri

UN advocates tripling of renewables and nuclear energy

A report from the United Nations Intergovernmental Panel on Climate Change (IPCC) has warned that the world needs to drast...
Temelin NPP

$15bn Czech nuclear power project cancelled

The president of the Czech Republic, Milos Zeman, has called for a $15bn tender designated for the expansion of the countr...
Dr Joachim Hein

Brussels and Berlin actions on renewables welcomed by German business lobby

The Association of German Industry, or Bundesverband der Deutschen Industrie (BDE), has expressed relief at the news that ...
Maria van der Hoeven

IEA praises Austria for ‘balanced’ energy policy

The International Energy Agency focused on Austria for its 2014 country review, launched on Wednesday, and while fulsome i...

PEI Magazine Issues



>> Current Issue           >> Past Issues

Latest Wire News

Artesyn Embedded Technologies Announces First Titanium Efficiency Front End Power Supply

Artesyn Embedded Technologies Announces First Titanium Efficiency Front End Power Supply

Intergraph(R) Webinar on April 24th to Demonstrate CADWorx(R) E&I Automation of Project Documentation for Electrical and Instrumentation

Intergraph(R) Webinar on April 24th to Demonstrate CADWorx(R) E&I Automation of Project Docu...

Woodward Reports Second Quarter and Six-Month Fiscal Year 2014 Results

Woodward Reports Second Quarter and Six-Month Fiscal Year 2014 Results

Covanta Holding Corporation Reports 2014 First Quarter Results and Affirms 2014 Guidance

Covanta Holding Corporation Reports 2014 First Quarter Results and Affirms 2014 Guidance

Energy Sector Demand Strong for Traditional Satellite Capacity

Energy Sector Demand Strong for Traditional Satellite Capacity

Editorial Guides

How to cut your OPEX

How to cut your OPEX In a constantly evolving electricity market, factors such as over capacity and low coal costs can pu...

Alstom Editorial Guide: Thailand to showcase latest upgrade of Alstom's GT26 in combined-cycle

Read all about Alstom's new advanced GT26 gas turbine in the North Bangkok CCPP expansion project online with the Power En...

PLEXOS® Integrated Energy Model – Leading the Field in Energy Market Modelling

PLEXOS® Integrated Energy Modelling is an advanced software tool that employs the latest mathematical programming methods ...

Power Engineering International

Whitepapers

Evaluating cogeneration for your facility: A look at the potential energy-efficiency, economic and environmental benefits

The energy-efficiency, economic and environmental benefits of cogeneration are the subject of this in-depth white paper. The paper argues that producing electricity and heat/cooling from the same f...

The Effect of Moisture on the Breakdown Voltage of Transformer Oil

Power transformers utilize oil as a heat transfer medium and a dielectric material, together with cellulose. Breakdown voltage (dielectric strength) is one of the most important parameters of trans...

Improving Mission Critical Cooling Systems With More Reliable Level Sensing

The choice of coolant level sensor may seem like an insignificant detail when designing complex machinery such as emergency generators and cranes, but if this sensor fails, the operator has no warn...

Steps Towards a Low Carbon Future: Solutions and Technologies That Will Support the Global Revolution Required

A smart grid is becoming more and more essential as clean energy becomes more dominant. In addition, the demand for electricity is expected to treble the ability to supply it over the next decade. ...

Latest Digital Edition

  Power
  Engineering
  International
Look Inside >
Cover
Current Issue

Article Archives for Power Engineering International Magazine

Latest Energy Jobs