BKW FMB Energie AG

BKW FMB Energie AG
Type Aktiengesellschaft (SWX:BKWN, BX:BKWN)
Industry Electrical power
Founded 1898
Headquarters Berne, Switzerland
Products Production and distribution of electrical power.
Revenue 2.81 billion CHF (2007)
Operating income 436.0 million CHF (2007)
Net income 245.2 million CHF (2007)
Employees 2615 (2007)
Website www.bkw.ch

The BKW FMB Energie AG (BKW, formerly known as Bernische Kraftwerke AG, SWX:BKWN) is a power production and distribution utility with headquarter in Berne, Switzerland. Through some subsidiaries or partner companies it also provides gas and heat. It operates mainly in the canton of Berne, but is present also in Italy, Germany and Austria.

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History

The BKW was founded in 1898 as Aktiengesellschaft Elektrizitätswerk Hagneck. The name was changed in 1909 to Bernische Kraftwerke AG. In 1995 it changed to the present BKW FMB Energie AG to emphasize the internationalization of the company business plan.

It is quoted at the Berne eXchange since 1969. Starting from 2003 it is also present at the Swiss Stock Exchange. Major shareholders are the Canton of Berne (52.54%) and the German power company E.ON Energie AG (20.99%, as of 2007).[1]

Power production

With a yearly energy sale of 24.2 TW·h the BKW is one of the biggest Swiss power utilities. Of them 9.7 TW·h are produced by own plants or by shares in other facilities. As of 2007 the mix is mainly composed by nuclear (61.87%) and hydroelectric (37.96%) power. The remaining is produced by renewable sources like solar, wind or biomass. Due to the necessity to diversify the mix and satisfy the increasing demand, BKW is introducing some fossil fuel power through shares in abroad plants.[1]

Fossil fuel power

In 2008 a new 800 MW combined cycle gas power plant started operation in Livorno Ferraris (province of Vercelli, Italy). BKW possesses a 25% share.

Hydroelectric power

BKW produces around 40% of its power through owned or shared hydroelectric plants in Switzerland and Italy.

The owned plants are mainly located in the canton of Berne:[2]

Some of the group companies also produce hydroelectric power. The BKW portion of the installed production are:

The rest is generated through holdings. The production portions of the BKW are:

Nuclear power

Around 60% of the energy produced cames from nuclear plants. BKW owns the Mühleberg Nuclear Power Plant and three shares in other Swiss or French facilities:

Solar Power

BKW possesses or shares an increasing number of solar plants various size. The most important are:

Wind Power

BKW produces wind power at two plants:

Major future developments

Biomass power

Fossil fuel power

Hydroelectric power

Nuclear power

In the 2020s the Mühleberg Nuclear Power Plant will probably cease its activity and the contracts for importing nuclear energy from France will expire. The BKW and Axpo founded the Resun AG to prevent the consequent energy lack. Its purpose is to menage the administrative procedure for building two new nuclear plants up to 1600 MW each.

Transmission grid

BKW provides with power around one million people in 400 municipalities in canton of Berne and surroundings through its local and distribution networks up to 132 kV. It also owns 665 km of 220 kV and 56 km of 380 kV lines, although their operation is entrusted to the national transmission company Swissgrid AG.[12]

References

External links