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September 03, 2015 6:57 AM ET

Electric Utilities

Company Overview of KELAG-Kärntner Elektrizitäts-Aktiengesellschaft

Company Overview

KELAG-Kärntner Elektrizitäts-Aktiengesellschaft, together with its subsidiaries, operates as an energy service provider primarily in Austria. It provides electricity, district heating, and natural gas to industrial, municipality, retail, and business customers. The company operates 77 power stations, as well as holds supply rights from third-party power stations with a total capacity of 1,140 MW; 2 photovoltaic projects; and a total of 9 wind farms in Burgenland and 19 wind farms near the Black Sea coast with a generation capacity of 60 MW, as well as manages 80 district heating plants and approximately 900 heating stations. It also manages an electrical network of approximately 17,900 kilom...

Arnulfplatz 2

Klagenfurt,  9010

Austria

Founded in 1923

1,531 Employees

Key Executives for KELAG-Kärntner Elektrizitäts-Aktiengesellschaft

Compensation as of Fiscal Year 2015.

KELAG-Kärntner Elektrizitäts-Aktiengesellschaft Key Developments

VERBUND Eyes KELAG

VERBUND AG (WBAG:VER) intends to acquire KELAG-Kärntner Elektrizitäts-Aktiengesellschaft. "It would be interesting to obtain the majority [in Kelag],” VERBUND Chief Executive Officer Wolfgang Anzengruber told the daily Presse. "But where there is no seller, there can be no buyer.” It is unclear whether Austria's region Carinthia would be interested in the sale of its stake in VERBUND is also interested in other regional utilities with a high share of hydropower, such as the ones in Tirol, he said.

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