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August 04, 2015 6:08 AM ET

Electric Utilities

Company Overview of Electrabel s.a.

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 s.a.

Vice-Chairman and Chief Executive Officer
Age: 67
Vice-Chairman
Age: 49
General Manager Human Resources, General Manager of IT and Member of General Management Committee
Executive Director
Age: 50
Secretary and Non-Executive Director
Age: 55
Compensation as of Fiscal Year 2015.

Electrabel s.a. Key Developments

ENGIE Reportedly Plans To List Electrabel

ENGIE SA (ENXTPA:GSZ) intends to list Electrabel s.a. in order to share the rising costs of its nuclear activities, La Lettre de L'Expansion reported without citing its sources. ENGIE seeks to attract new investors, including potentially the Belgian government, the report stated. “The idea of bringing in partners is one that the Belgian government put on the table,” Chief Executive Officer Gerard Mestrallet said on July 1, 2015 in Paris. “The subject has been brought up. The door isn’t closed.”

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
E.ON Power Plants Belgium BVBA Europe
Solvay Energy S.A. Europe
Nuon Belgium NV Europe
Vleemo NV Europe
Eandis cvba Europe

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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