!!!Verbundkonzern

Verbundkonzern: The "Oesterreichische 
Elektrizitaetswirtschafts-AG" (Verbundgesellschaft) was founded 
in 1947 under the second Verstaatlichungsgesetz ( Nationalisation 
Act), with the aim of keeping the electricity industry autonomous of 
the allied forces (former "German possession"). The 
Verbundgesellschaft estimated the future electricity demand in 
Austria, built power plants with the help of special corporations and 
installed the national high-voltage system. In 1998 the 
Verbundgesellschaft produced 51% (1993: 54,1 %) of the entire 
public power supply. The most important subsidiary is the Verbund - 
Austrian Hydro Power AG founded in 1999 which resulted from the merger 
of

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Donaukraftwerke AG ( Donaukraft),  Tauernkraftwerke AG,  Verbundkraft 
Elektrizitaetswerke GmbH and VEG. Further production companies include 
Oesterreichische Draukraftwerke AG ( Draukraft), Ennskraftwerke AG ( 
Ennskraft), Donaukraftwerk  Jochenstein AG and  
Oesterreichisch-Bayerische Kraftwerke AG. The Vorarlberg  Illwerke AG 
has been under majority ownership of the province of Vorarlberg since 
1999. In the wake  of the liberalisation of the  electric power 
industry in Austria the Verbundkonzern founded new subsidiaries in 
1999: Verbund - Austrian Power Grid GmbH as operator of the 
transportation network and APT GmbH Austrian Power Trading for 
short-term operations whose number has increased since the 
liberalisation. In 1998 the Verbundkonzern owned over 71 hydroelectric 
power plants (57 run-of-river power stations and 14 storage power 
stations) and 5 caloric power plants in 1998. The installed power 
(gross generating power) came to 6,066 MWh in the hydroelectric 
power plants and 1,281 MWh in the thermal power plants. The 
Verbundgesellschaft operates a high voltage system of a length of 
3,600 km at the voltage levels of 110 kV, 220 kV and 
380 kV. The system of the 380 kV-voltage level, which shows 
less current loss during transport, has not yet been fully developed 
(1999: about 1000 km of the 1500 km planned). Sales in 1998: ATS 
20.6 billion (1993: ATS 19.5 billion), 3,800 employees 
(1993: 5,297). The Republic of Austria owns 51% of the company, the 
remaining shares are publicly held.


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