October 25, 2016 5:16 AM ET

Electric Utilities

Company Overview of Vattenfall AB

Company Overview

Vattenfall AB engages in the production, distribution, and sale of electricity and heat in Denmark, Finland, Germany, the Netherlands, Sweden, the United Kingdom, and internationally. The company operates through Customers & Solutions, Power Generation, Wind, Heat, and Distribution segments. It generates electricity primarily through biomass, coal, hydro, natural gas, solar, nuclear, waste, and wind sources. The company is also involved in the sale of gas; district heating and energy trading activities; and provision of energy services, such as charging solutions for electric vehicles, smart plugs, and solar panels. It has approximately 6.2 million electricity customers, 3.2 million electric...

Evenemangsgatan 13C

Solna,  169 56


Founded in 1909

27,980 Employees


46 87 39 50 00


46 8 17 85 06

Key Executives for Vattenfall AB

Chief Executive Officer and President
Age: 57
Chief Financial Officer and Deputy Chief Executive Officer
Age: 57
Treasurer and Chief Executive Officer of Vattenfall Treasury AB
Head of Staff Function Legal & Chief Executive Officer Office, Senior Vice President, General Counsel and Secretary to the Board
Age: 59
Senior Executive Vice President of Business Area Heat and Mining & Generation
Age: 60
Compensation as of Fiscal Year 2016.

Vattenfall AB Key Developments

Vattenfall Invests SEK 1 Billion to Upgrade Klingenberg Power Plant in Berlin

Vattenfall has announced that it is investing approximately SEK1 billion to upgrade the Klingenberg power plant in Berlin. The use of lignite at the site will thereby end three years ahead of plan, reducing CO2 emissions by 600.000 tons annually. Phasing out the use of coal is a cornerstone of Vattenfall's climate partnership with the city of Berlin. Berlin aims to reduce CO2-emissions by 85% and become climate neutral by 2050 The plant will then fully operate on natural gas. The investment in upgrading the plant amounts to roughly SEK 1 billion and results in CO2-emission being reduced by approximately 0.6 million tons annually. In line with the Berlin climate agreement the company will also phase out the coal fired 'C' unit of the Reuter heat and electricity power plant in Spandau by 2020.

Vattenfall Expects To Divest Moorburg Germany Coal Plant In 5 Years

Vattenfall AB expects to divest Moorburg lignite plant in Germany sometime over the next 5 years to a long term owner, Chief Executive Officer Magnus Hall said. He stated that no selling process has been started yet and is open to discussions regarding phasing out of lignite in the Netherlands.

Stefan Dohler Appoints as New Chief Financial Officer of Vattenfall as of 1 December 2016

Stefan Dohler has been appointed as new Chief Financial Officer (CFO) of Vattenfall as of 1 December 2016. Stefan Dohler is currently Senior Vice President for the Business Area Markets and a member of Vattenfall's group executive management team. Stefan Dohler joined HEW, later part of Vattenfall, in 1998. He has since held a number of senior management positions at Vattenfall, within Finance, Networks, Production and Markets. He joined Vattenfall's group executive management team in 2012. Stefan Dohler will succeed Ingrid Bonde who has decided to leave Vattenfall.

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