Media Release - BKW
Media Release Stake acquired in Tamarete Energia S.r.l. power plant company
Reinforced commitment in Italian market
Berne, December 17, 2008 BKW FMB Energy Ltd (BKW) is continuing to expand its presence in Italy with the acquisition of a 48% holding in the Italian power plant company Tamarete Energia S.r.l. The Italian company intends to expand the output of a gas-fired combined cycle power plant in Chieti (Ortona) from 5.5 MW to 104 MW. Due to be commissioned at the end of 2010 with a production of 500 GWh, the expanded plant will make a major contribution to supplying the region with peak load energy.
In Ortona in Italy’s Abruzzo region BKW is acquiring a 48% holding in power plant company Tamarete Energia S.r.l., with the previous sole shareholder Odoardo Zecca S.r.l retaining a 20% stake. In addition, Hera, a well-established Italian energy supplier, is acquiring a 32% holding in Tamarete Energia S.r.l. Work on stepping up the plant’s output from 5.5 MW to 104 MW is likely to last two years before commercial production can begin. Total investment in the project amounts to approx. EUR 90 million BKW has had a successful presence in the Italian market for some eight years now, since 2006 grouping its activities together under the umbrella company BKW Italia S.p.A. Together with eight hydro power plants in Lombardy, minority interests in biomass plants in Campania and Sardinia, and a stake in the gas fired combined cycle power plant in Livorno Ferraris in the Piemonte region, BKW’s acquisition of the holding in Tamarete Energia S.r.l. represents a further expansion of its production capacity.
BKW FMB Energie AG Media Communications Viktoriaplatz 2 3000 Bern 25 Telefon 031 330 51 07 Telefax 031 330 57 90 [email protected] www.bkw-fmb.ch
Reinforced commitment in Italian market
Berne, December 17, 2008 BKW FMB Energy Ltd (BKW) is continuing to expand its presence in Italy with the acquisition of a 48% holding in the Italian power plant company Tamarete Energia S.r.l. The Italian company intends to expand the output of a gas-fired combined cycle power plant in Chieti (Ortona) from 5.5 MW to 104 MW. Due to be commissioned at the end of 2010 with a production of 500 GWh, the expanded plant will make a major contribution to supplying the region with peak load energy.
In Ortona in Italy’s Abruzzo region BKW is acquiring a 48% holding in power plant company Tamarete Energia S.r.l., with the previous sole shareholder Odoardo Zecca S.r.l retaining a 20% stake. In addition, Hera, a well-established Italian energy supplier, is acquiring a 32% holding in Tamarete Energia S.r.l. Work on stepping up the plant’s output from 5.5 MW to 104 MW is likely to last two years before commercial production can begin. Total investment in the project amounts to approx. EUR 90 million BKW has had a successful presence in the Italian market for some eight years now, since 2006 grouping its activities together under the umbrella company BKW Italia S.p.A. Together with eight hydro power plants in Lombardy, minority interests in biomass plants in Campania and Sardinia, and a stake in the gas fired combined cycle power plant in Livorno Ferraris in the Piemonte region, BKW’s acquisition of the holding in Tamarete Energia S.r.l. represents a further expansion of its production capacity.
BKW FMB Energie AG Media Communications Viktoriaplatz 2 3000 Bern 25 Telefon 031 330 51 07 Telefax 031 330 57 90 [email protected] www.bkw-fmb.ch
