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EVN AG: EVN finalises exit from the Walsum 10 coal-fired power plant project

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DGAP-News: EVN AG / Key word(s): Miscellaneous
30.09.2021 / 19:02
The issuer is solely responsible for the content of this announcement.

Today marked the closing for the contracts which finalise EVN's exit from the Walsum 10 coal-fired power plant project. Under these contracts, EVN is transferring its 49% investment - which represented less than 3% of EVN's Group revenue - to the co-shareholder STEAG. The contract for EVN's electricity procurement from this power plant ends at the same time.

Following the early termination of generation at the Dürnrohr power plant in August 2019, EVN is now completing its exit from coal-fired electricity production. This reduces CO2 emissions from energy generation by three-fourths in total, which reflects the consequent implementation of the Corporate Strategy 2030.

The transaction will not have any negative effect on EVN's results for the 2020/21 financial year. The parties have agreed not to disclose any details on the transaction.


30.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

EVN AG

EVN Platz

2344 Maria Enzersdorf

Austria

Phone:

+43-2236-200-12294

E-mail:

info@evn.at

Internet:

www.evn.at

ISIN:

AT0000741053

WKN:

074105

Indices:

ATX

Listed:

Foreign Exchange(s) Vienna Stock Exchange (Official Market)

EQS News ID:

1237209


 

End of News

DGAP News Service

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