EVN

EQS-News: EVN AG: Business development in the first quarter of 2023/24

Retrieved on: 
Wednesday, March 13, 2024

The international project business also reported a decrease in revenue due to the largely completed wastewater treatment plant in Kuwait.

Key Points: 
  • The international project business also reported a decrease in revenue due to the largely completed wastewater treatment plant in Kuwait.
  • The cost of materials and services fell by 29.9% to EUR 127.7m consistent with the development of revenue in the international project business.
  • In addition to the earnings improvement at EVN KG, higher contributions were also received from Burgenland Energie and Verbund Innkraftwerke.
  • Based on these developments, EBITDA recorded by the EVN Group rose by 1.4% year-on-year to EUR 285.7m in the first quarter of 2023/24.

Nexif Ratch completes acquisition of operating hydro plant in Lao Cai province, Vietnam

Retrieved on: 
Tuesday, January 2, 2024

Ltd. ("Nexif Ratch Energy") is pleased to announce its successful acquisition of the 30 MW Minh Luong run-of-river hydro power plant with peak hour storage located in Lao Cai province, Vietnam.

Key Points: 
  • Ltd. ("Nexif Ratch Energy") is pleased to announce its successful acquisition of the 30 MW Minh Luong run-of-river hydro power plant with peak hour storage located in Lao Cai province, Vietnam.
  • The acquisition contributes to strengthening the Nexif Ratch Energy portfolio's growth path in renewables and will create a stable and recurring income through a long term PPA.
  • Mr. Matthew Bartley, Director and interim CEO of Nexif Ratch Energy, said: "The acquisition of the Minh Luong hydro plant further expands Nexif Ratch Energy's operating portfolio in Vietnam.
  • Mr. Sakarin Tangkavachiranon, Director of Nexif Ratch Energy, added: "We are excited to achieve the first acquisition of a project under the Nexif Ratch Energy platform.

AES Announces Sale of Mong Duong 2 Plant in Vietnam in Next Decarbonization Milestone

Retrieved on: 
Thursday, November 30, 2023

ARLINGTON, Va., Nov. 30, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced it has reached an agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam.

Key Points: 
  • ARLINGTON, Va., Nov. 30, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced it has reached an agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam.
  • The 1,242 MW plant has been in operation since 2015, delivering power to Hanoi and northern Vietnam under a 25-year Power Purchase Agreement (PPA) with state-owned utility Vietnam Electricity (EVN).
  • "AES values its strong business relationship with Vietnam, where we have been a strategic partner delivering reliable power while supporting Vietnam's long-term energy transition goals," said Juan Ignacio Rubiolo, AES EVP and President, Energy Infrastructure.
  • "This sale would advance AES' low-carbon goals while enabling AES to continue to play a role advancing diverse energy solutions to meet the growing electricity demand in the country."

EQS-News: EVN AG: Business development in the 2022/23 financial year

Retrieved on: 
Thursday, December 14, 2023

Revenue recorded by the EVN Group declined by 7.2% year-on-year to EUR 3,768.7m in 2022/23.

Key Points: 
  • Revenue recorded by the EVN Group declined by 7.2% year-on-year to EUR 3,768.7m in 2022/23.
  • In the international project business, the largely completed wastewater treatment plant in Kuwait led to lower revenue.
  • This decline – which was already reported during the financial year – is attributable to the energy supply company EVN KG, where the development of earnings was significantly impaired by several factors.
  • Revaluations of EUR 3.2m were recorded to plants operated by EVN Wärme and EVN Wasser.

EQS-News: EVN AG: EVN Capital Markets Day 2023: Extensive information for investors and analysts

Retrieved on: 
Tuesday, October 17, 2023

EVN AG: EVN Capital Markets Day 2023: Extensive information for investors and analysts

Key Points: 
  • EVN AG: EVN Capital Markets Day 2023: Extensive information for investors and analysts
    The issuer is solely responsible for the content of this announcement.
  • At today’s Capital Markets Day, Stefan Szyszkowitz, CEO of the EVN Group, together with members of senior management gave institutional investors and analysts an update on the Strategy 2030 and closer insight into the growth drivers, challenges and current investment programme of the EVN Group up to 2030.
  • Climate change and its impact are fundamentally altering the framework conditions for the entire energy sector.
  • The Capital Markets Day 2023 gave EVN an opportunity to report on current developments in the company against this backdrop and explain key changes for the future.

EQS-News: EVN AG: Business development in the first three quarters of 2022/23

Retrieved on: 
Thursday, August 24, 2023

The market prices for base load and peak load electricity followed this development but remain at a high level.

Key Points: 
  • The market prices for base load and peak load electricity followed this development but remain at a high level.
  • Revenue recorded by the EVN Group declined by 1.3% to EUR 2,904.1m in the first three quarters of 2022/23.
  • The first three quarters of 2022/23 also included a revaluation of EUR 1.6m at EVN Wasser as of 30 June 2023.
  • EVN generated 2,330 GWh of electricity in the first three quarters of 2022/23, which represents a 15.7% year-on-year decline.

EQS-News: EVN AG: Changes on the Supervisory Board and Executive Board of EVN AG

Retrieved on: 
Monday, June 19, 2023

Following elections at today‘s 33rd Extraordinary General Meeting of EVN AG, Reinhard Wolf will take over as President and Chairman of the Supervisory Board.

Key Points: 
  • Following elections at today‘s 33rd Extraordinary General Meeting of EVN AG, Reinhard Wolf will take over as President and Chairman of the Supervisory Board.
  • In addition, Veronika Wüster was elected to the Supervisory Board.
  • The Chairman of the Supervisory Board and the Executive Board express their thanks on behalf of the company for the successful and trusting cooperation.
  • At the constituent meeting of the Supervisor Board, EVN Executive Board member Franz Mittermayer requested the premature termination of his employment contract.

EQS-News: EVN AG: Business development in the first half of 2022/23

Retrieved on: 
Saturday, May 27, 2023

Revenue recorded by the EVN Group rose by 3.1% to EUR 2,192.6m in the first half of 2022/23.

Key Points: 
  • Revenue recorded by the EVN Group rose by 3.1% to EUR 2,192.6m in the first half of 2022/23.
  • This increase was supported, above all, by price effects from renewable electricity generation, valuation effects from hedges and price adjustments at EVN Wärme.
  • Growth was also recorded in the international project business through progress on the major project in Kuwait.
  • Based on these developments, EBITDA recorded by the EVN Group rose by 11.0% year-on-year to EUR 466.4m in the first half of 2022/23.

EQS-News: EVN AG: Business development in the first quarter of 2022/23

Retrieved on: 
Wednesday, February 22, 2023

Revenue recorded by the EVN Group rose by 30.3% to EUR 1,174.3m in the first quarter of 2022/23.

Key Points: 
  • Revenue recorded by the EVN Group rose by 30.3% to EUR 1,174.3m in the first quarter of 2022/23.
  • This increase was supported, above all, by price effects in renewable generation, valuation effects of hedges and higher prices at EVN Wärme.
  • Growth was also recorded in the international project business due to progress on the major project in Kuwait.
  • Based on these developments, EBITDA recorded by the EVN Group rose by 39.6% year-on-year to EUR 281.7m in the first quarter of 2022/23.

Singapore Renewable Energy JV Platform "athein" Set To Raise $1bn For Solar And Wind

Retrieved on: 
Thursday, February 16, 2023

With the high inflation rates, the first victim is usually the very basic utility –  electricity.

Key Points: 
  • With the high inflation rates, the first victim is usually the very basic utility –  electricity.
  • In 2023, in key economies in Asia Pacific, the YoY increase of electricity cost is about 25%.
  • Wood Mackensey estimates over the next 3 years a CAGR of over 120% for bilateral renewable power purchase agreements in Asia Pacific.
  • Coupled with the increased renewable targets of Asian governments from COP26, set to on average 62% by 2035, in the next decade, new solar and wind additions are expected to reach over 1,000 GWp.