Atel - First step in the Baltic States
Atel Energy Lietuva receives energy trading licence
Atel Holding Ltd is expanding further to the east and recently founded an energy trading subsidiary in the Lithuanian capital city of Vilnius. Atel Energy Lietuva UAB has been awarded, as one of the first foreign electricity companies, a trading licence for the Lithuanian electricity market. The company will take up its operational business activities next year.
Today, Lithuania exports a significant part of its electricity generation. Whereby the prices for energy lie considerably below the level in the EU. Atel wants to take advantage of the opportunities offered and make an entry into Lithuanian energy trading. At the end of 2009 the Ignalina nuclear power station will be decommissioned. 70% of the electricity generation capacity of the Baltic states will thus disappear. Atel plans to import electricity to Lithuania from 2010.
Lithuania has a population of some 3.5 million. The energy consumption per head is around 4,500 kWh.
About Alpiq Holding Ltd.
Atel Holding Ltd (Atel Group) is Switzerland's leading energy provider, active throughout Europe. Founded in 1894, Atel focuses on the two core businesses of production-based energy trading and energy services. The group of companies, domiciled in Olten, currently employs a staff of around 9,000 and generated revenue of CHF 13.5 billion in 2007. The main markets for the Energy segment are Switzerland, Italy, Germany, France and countries in Central and Eastern Europe. Products and services range from portfolio management and Group energy supplies to energy derivatives, option contracts and the establishment of distribution concepts based on partnerships.
Trading and sales are supported by a number of proprietary hydraulic and thermal power stations in Switzerland, Italy, Hungary, Norway and the Czech Republic as well as an extensive transmission grid in Switzerland. Atel's Energy Services segment delivers all the technical services related to energy (electricity, gas, oil, and biomass) and its applications (power, light, air conditioning and heating, communications and security). Atel is among the leading providers of energy services in Switzerland and Germany. Since the end of 2007 the Atel Group has also included the former Motor-Columbus Group.