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May 05, 2015 3:03 PM ET

Electric Utilities

Company Overview of Electrabel sa

Company Overview

Electrabel sa produces, supplies, and sells electricity. The company operates and manages nuclear power stations, combined-cycle gas turbine plants, a wind farm, a pumped-storage station, and a conventional thermal power station. It also sells natural gas, and provides energy products and services. The company serves retail and business customers in Belgium. Electrabel sa was formerly known as Verenigde Energiebedriijven van het Scheldeland and changed its name to Electrabel sa in July 1990. The company was founded in 1905 and is based in Brussels, Belgium. Electrabel sa operates as a subsidiary of GDF SUEZ S.A.

Simon Bolivarlaan 34

Brussels,  1000

Belgium

Founded in 1905

14,020 Employees

Phone:

32 2 518 62 22

Fax:

32 2 518 64 00

Key Executives for Electrabel sa

Vice-Chairman and Chief Executive Officer
Age: 66
Vice-Chairman
Age: 48
Chief Corporate Officer of Administration, Chief Corporate Officer of Communications, Chief Corporate Officer of Strategy and Member of General Management Committee
General Manager Human Resources, General Manager of IT and Member of General Management Committee
Executive Director
Age: 49
Compensation as of Fiscal Year 2014.

Electrabel sa Key Developments

Electrabel Restarts Max Green Biomass Plant

Electrabe restarted Max Green Biomass plant located in Rodenhuize, in the port area of Gent on August 28, 2014, following the agreement reached with the authorities and stakeholders involved in the renewal of green certificates. The allocation of green certificates for Max Green plant was conditioned upon a prior statement from Belgian industry federations active in the wood and paper sector. The plant had been forced to shut down because such statement, which was necessary for the period 2014-2016, had not been signed. Following constructive dialogue with all parties involved and with the Flemish government, a solution has been found to allow the restart of Max Green. The plant, which has a capacity of 215 MW, is the biomass unit of the country and can cover the power consumption of 320,000 households. Electrabel is pleased with the restart of this unit, which will as a result be available for the upcoming winter. Electrabel uses all means at its disposal in order to guarantee the supply of power to its customers and thereby contribute to security of supply in Belgium.

Similar Private Companies By Industry

Company Name Region
Electrabel sa Europe
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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 9, 2015
Electrabel Customer Solutions N.V./S.A
Merger/Acquisition
January 9, 2015
ORES Assets SCRL
 

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