2008

Successful trading business and important progress in strategic projects

Dietikon,  Wednesday, December 17, 2008

In the 2007/08 financial year the EGL Group recorded a clear increase in its operating result and achieved important strategic targets. Compared to the previous-year figures adjusted for special factors EBT rose 95% to CHF 415.3 million, while net profit was 110% higher at CHF 315.4 million. Milestones achieved in the implementation of the company's strategic  projects included the commissioning of its second gas-fired combined-cycle power plant in Rizziconi, Italy, the foundation of a partnership for the Trans Adriatic Pipeline, and the signing of a long-term natural gas delivery contract with the National Iranian Gas Export Company.

Markus Brokhof joins EGL Executive Management

Dietikon,  Wednesday, December 10, 2008

The EGL Board of Directors has officially appointed Markus Brokhof as a Member of EGL Executive Management and Head of the Gas Supply & SEE division. Markus Brokhof has been serving in both functions ad interim since June 2008.

Deriwatt renamed EGL Trading AG

Dietikon,  Wednesday, October 1, 2008

With effect from 1 October 2008, Deriwatt, the Energy Derivatives Division of EGL Group, is changing its name to EGL Trading AG.

Rizziconi Energia power plant operational

Dietikon,  Tuesday, July 15, 2008

After a construction time of 27 months EGL Group's second gas-fired combined-cycle power plant in Italy, Rizziconi Energia, is operational now. The plant situated in the province of Calabria has a capacity of 760 MW and is fully-owned by EGL.

Results impacted by high trading profit

Dietikon,  Tuesday, June 3, 2008

EGL recorded a successful trading result and achieved important strategic objectives in the first half-year 2007/08: it entered into a partnership in connection with the Trans Adriatic Pipeline and signed a natural-gas supply contract with the National Iranian Gas Export Company. EGL's second gas-fired combined-cycle power plant in Italy is scheduled to go into operation in Rizziconi around mid-June. EBT is 43% higher than the previous-year figure adjusted for positive special factors.

EGL, StatoilHydro Complete Trans Adriatic Pipeline Joint-Venture Setup

Dietikon,  Friday, April 25, 2008

Norway’s StatoilHydro ASA and Swiss-based EGL Group concluded the final agreements leading to the establishment of their equally-owned joint venture company that will develop, build and own the Trans Adriatic Pipeline (TAP). The pipeline will carry natural gas from the Caspian Sea and Middle East regions into Europe.

EGL Seals Final Gas Purchase Agreement with NIGEC

Dietikon, Tehran,  Monday, March 17, 2008

Executives of Swiss-based EGL Group and their counterparts of the National Iranian Gas Export Company (NIGEC) today signed a final long-term agreement in Tehran that will allow EGL to bring natural gas from Iran to Europe as early as next year.

StatoilHydro Joins EGL in Trans Adriatic Pipeline Gas Project

Wednesday, February 13, 2008

StatoilHydro ASA and Swiss EGL Group will today sign an agreement to establish an equally-owned joint venture to develop, build and operate the Trans Adriatic Pipeline (TAP). The pipeline will open a new corridor and market outlet for natural gas from the Caspian Sea and Middle East regions into Europe.

EGL – no change in dividend

Dietikon,  Friday, January 25, 2008

The 51st General Meeting of Shareholders of Elektrizitäts-Gesellschaft Laufenburg AG (EGL) approved the financial statements for the 2006/07 financial year that ended on 30 September 2007 and the pay-out of a dividend of CHF 18 per share.