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Atel acquires power plant in the Czech Republic

Olten-based Aare-Tessin Ltd. for Electricity (Atel) has acquired the Moravske Teplarny thermal power plant in the Czech Republic. Located near the town of Zlin, the plant produces and supplies electricity, process heat and district heating. The acquisition will allow Atel to expandits position as an important energy service provider in Central/Eastern Europe.

Atel will take over full ownership of the Moravske Teplarny thermal power plant in the south-eastern part of the Czech Republic from the American energy group owned by Cinergy Corp. The transaction is expected to be completed before the end of 2005. The parties have agreed not to disclose details on the purchase price.  The plant is located in an industrial complex near the town of Zlin in the south-eastern part of the Czech Republic. Moravske Teplarny has a combined capacity of 66 MW of electrical power and 377 MW of thermal power; the plant also offers considerable potential for expansion. The primarily coal-powered plant went into operation in 1996 and 2001 and meets all current environmental and safety requirements. It also has ISO 9001, ISO 14001 and ISO 18001 certification, which means that it complies with a high set of standards in the areas of workplace safety, environmental management and process safety. The plant generates electricity as well as process heat for industrial enterprises and district heating for parts of the surrounding area. 

The move will allow Atel to further expand its position as a leading energy service provider in Central and Eastern Europe. The power generated by the newly acquired plant will compliment and support Atel's current energy trading and distribution business. Atel already boasts significant proprietary production capacities in Hungary and the Czech Republic: the Csepel power plant outside Budapest (Hungary) and the ECKG plant in Kladno near Prague (Czech Republic).  In conjunction with the established distribution and trading companies, Atel will therefore be in a position to provide optimal solutions for the customer-specific needs of this region.

Download photo of Moravske Teplarny power plant, 300 dpi

Aare-Tessin Ltd. for Electricity Corporate Communications 

Aare-Tessin Ltd. for Electricity (Atel)
Aare-Tessin Ltd. for Electricity (Atel) is the leading production-based energy service provider in Switzerland and operates at a pan-European level. 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, employs a staff of around 8000 and generated a turnover of CHF 7 billion in 2004. Its main markets in the energy sector are Switzerland, Italy, Germany and the Central and Eastern European countries. Its goods and services range from portfolio management and group energy supplies, to energy derivatives and option contracts, to establishing distribution concepts involving other partners. Trading and distribution are supported by a number of proprietary hydraulic and thermal power stations plus a broadly ramified transmission grid. With its Energy Services Division, Atel provides all technical services pertaining to energy (electricity, gas, oil and biomass) and its uses as power, lighting, cooling and heating, communication and security. Atel is among the leading providers of Energy Services in both Switzerland and Germany.