News

According to a report from Capgemini, European reserve margins were 1% lower in 2005 than in 2004, reflecting the difficulty to build new generation capacities.

M&A activity again took center stage in Europe as Spanish construction companies Acciona and ACS continued their forays into the utility sector.

In August, EDF launched a takeover of the minorities in its Hungarian subsidiary Demasz for EUR 109 million.

Please refer to the PDF document below to view the Inteview with EIC's managing director Dominique Candrian, which appeared in "L'Agefi" on September 4, 2006.

EIC Electricity SA (EIC) announces that it has entered into a formal sale and purchase agreement with Petrobras Brasileiro SA for EIC’s 2% interest in Termobahia Ltd, the Brazilian independent power generator.

During July, heat waves in Europe and the U.S. resulted in new power demand records in many regions. German spot baseload traded as high as 300 EUR/MWh and the Swiss Electricity Price Index hit 340 EUR/MWh. Given the good hydro storage levels in the Alps, this bodes well for utilities with large hyd...

Please refer to the PDF document below to view the article, which appeared in "Finanz und Wirtschaft" on August 2, 2006.

Please refer to the PDF Document attached to view the article, which appeared in "Cash" on July 27, 2006.

Corporate activity remained high among European Utilities. International Power acquired a Texas coal-fired plant for USD 1.1 billion, getting itself positioned to benefit from an increasingly tight Texas power market.

The Annual General Meeting of EIC Electricity SA will take place on May 4, 2006. The meeting will be held at 11:00 a.m. at the Credit Suisse Forum, Rue de Lausanne 17 in Geneva. Please refer to the attached PDF to view the agenda in German or French language.