Bern (ots) - In October the BKW Group announced a Groupwide productivity enhancement and cost reduction programme with a view to further developing its market position. It has now launched an additional package of measures which, when implemented, will enable BKW to achieve the targeted reduction in controllable costs and ensure the company's economic stability. A planned reduction of around 200 jobs will affect all ...
Bern (ots) - With the aim of introducing a holding structure, BKW Inc. submitted a public exchange offer on 3 October 2011 for a 1:1 exchange of all BKW FMB Energy Ltd. registered shares in free float. In return for each tendered share in BKW FMB Energy Ltd., shareholders of BKW FMB Energy Ltd. will receive one new ...
Paris, November 29 (ots/PRNewswire) - On Wednesday 30 November, public sector workers will protest austerity measures in more than 25 European countries, following a call for action by the European Federation of Public Service Unions. Actions will include strikes, demonstrations and public marches. In Britain, unions are planning the largest strike since 1926 - to ...
Bern (ots) - Every five years the estimate of decommissioning and disposal costs for all Swiss nuclear power plants is comprehensively reviewed and updated. In this context, BKW FMB Energy Ltd. (BKW) has also drawn up a new cost estimate for the post-shutdown phase and dismantling of Mühleberg nuclear power plant. The estimated costs for the phase immediately following the shutdown of the nuclear power plant, as well as ...
Bern (ots) - With the aim of introducing a holding structure, BKW Inc. submitted a public exchange offer on 3 October 2011 for a 1:1 exchange of all BKW FMB Energy Ltd. registered shares in free float. In return for each tendered share in BKW FMB Energy Ltd., shareholders of BKW FMB Energy Ltd. will receive one new share in BKW Inc. with the same par value. The ...
Washington, Dc, November 8 (ots/PRNewswire) - Report Highlights the Changes, Trends, Policies and Challenges Observed in the International Wind Power Supply Chain BTM Consult, a premier forecaster and data source for the international wind industry and part of Navigant's global Energy practice, announced today that it has released International Wind Energy Development ...
Bern (ots) - On 26 October 2011, BKW FMB Energy Ltd. (BKW) signed an agreement for a syndicated loan (as yet unused) of CHF 300 million at attractive conditions. With this move, BKW has created a financing framework to strengthen its liquidity reserves. This will allow BKW in future, if the need arises, to raise funds from the banks in order to help finance its net ...
Bern (ots) - With a view to further developing its market position and as part of the economising programme already announced, BKW FMB Energy Ltd. (BKW) has taken measures to reduce the workforce in the Networks Division. The move was prompted in particular by the changed regulatory environment and increased pressure on costs. In mid-April 2011, the Federal Electricity ...
Geneva (ots) - Mercuria Energy Group Holdings SA, a wholly owned subsidiary of Mercuria Energy Group Ltd. ("Mercuria"), announces a recent financing transaction and partnership with US coal producer Bowie Resources LLC ("Bowie"). Mercuria Energy Group Holdings SA has replaced the prior primary senior lender to Bowie and has also provided Bowie with additional sources of funding. Other subsidiaries of Mercuria have ...
Bern (ots) - As already announced, BKW Group intends to introduce a holding structure to enable a more flexible response in future to changing market requirements and new regulatory challenges. This will be done in the form of a share exchange, whereby the new BKW Group holding company, BKW Inc., submits a public exchange offer to BKW FMB Energy Ltd. shareholders to exchange all registered shares in BKW FMB Energy Ltd. on ...
New York, USA (ots) - The 2011 Sustainable Development Forum gathered dignitaries and experts - including a special session with President Bill Clinton - Monday at the Harvard Club in New York. Conference organizer and Chairman of Brasilinvest Mario Garnero took the opportunity to announce the appointment of ...
Moscow (ots/PRNewswire) - URALSIB Capital, the independent full-service Russian investment bank, will hold an investor conference, 'The Other Russian Economy - Discovering growth opportunities beyond commodities', in Stockholm, Geneva and London during the week of 24th October. Following on from the success of last year's conference the agenda this year will include ...
Bern (ots) - Following completion of the annual revision and optimising work on the inlet structure of Mühleberg nuclear power plant (KKM), BKW FMB Energy Ltd. (BKW) restarted the facility at the weekend. Prior to the restart, the Federal Nuclear Safety Inspectorate (ENSI) approved the upgrades and authorised the ...
Bern (ots) - Against a challenging economic and regulatory backdrop, the BKW Group has delivered unsatisfactory results for the first half of 2011. The result was impacted by low energy prices, the downturn on equity markets, the low Euro exchange rate and the events in Japan. Compared to the prior-year period, ...
Bern (ots) - At the end of January 2011, BKW FMB Energy Ltd (BKW) signed an agreement with the Ascométal steel manufacturer with a view to acquiring the Allevard hydroelectric power plant group in the French Alps near Chambéry. The responsible French authorities have now prohibited the transfer of the concession to BKW on the grounds that the concession provides for ...
World Engineers' Convention (WEC) 2011
Geneva, Switzerland (ots) - In September 2011, Geneva is becoming a meeting place for international engineering and energy experts. This year's convention focuses on the global challenges in developing a sustainable energy future. The organizers managed to bring together government representatives, notable politicians and decision makers from research and economy from all parts of the world. In order to develop a ...
Bern (ots) - Through their joint venture HelveticWind, Energie Wasser Bern (ewb) and BKW FMB Energy Ltd (BKW) are acquiring Lüderstorf-Parstein wind farm from Ventotec GmbH of Lower Saxony. Situated in the north-eastern German state of Brandenburg, the wind farm has been connected to the grid since the end of 2004. ...
Baar (ots) - Manas Petroleum Corp. ("Manas") (TSX-V: MNP; OTCBB: MNAP) is pleased to announce the commencement of the second seismic survey on CJSC Somon Oil Company's WEST and NORTH WEST licenses in the Republic of Tajikistan. This program includes up to 774km of 2D seismic survey, which up to 115km will be acquired over the WEST license and up to 659km will be ...
Bern (ots) - The BKW Group (BKW) completed another step in the field of sustainability by creating a structured system of sustainability management. This includes setting measurable targets, taking concrete measures and institutionalising the process throughout the organisation. The principle of sustainable development has long been enshrined in the mission statement and strategy of BKW. In 2010, BKW refined and further ...
Bern (ots) - Cost reductions due to efficiencies in the grid area have enabled BKW Energy Ltd (BKW) to lower its prices by an average of 3.2% as from 1 October 2011. The adjustments vary depending on the customer groups. For households, the average reduction is 6%, and for business customers between 2.5% and 5%. BKW is also reducing the surcharge for certified solar power to 63 cents per kWh. The 2012 prices were adjusted ...
Bern (ots) - The BKW FMB Energie AG (NKW) is shutting down and withdrawing from the power grid the Mühleberg Nuclear Power Station (KKM) tomorrow, fully five weeks before the start of the scheduled annual inspection in order to implement measures to safeguard the cooling water extraction. After the routine measures have been completed in September BKW plans to ...
Geneva (ots) - Financiers and Traders have voted Cotecna the Best Collateral Manager of the year at the 2011 annual Trade Finance Awards. Cotecna, one of the world's leading Testing, Inspection and Certification (TIC) companies, was recognized for its ability to identify the changing trends and anticipate tomorrow's trade and supply chain finance requirements. It confirms the success of Cotecna's attention to trade ...
Geneva (ots) - As one of the anchor investors, Mercuria Energy Group is pleased to participate in the International Finance Corporation (IFC) Post-2012 Carbon Facility that has now become operational. The aim of the fund is to help reduce greenhouse gas emissions, extend carbon markets, and increase access to finance for projects that promote environmentally friendly ...
Lausanne (ots) - Gaznat SA held its 4th AGM on May 30, 2011. In 2010, the consolidated turnover reached 557 million francs (+10.6%) representing a sales volume of 11.36 billion kilowatt-hours (+18.4%). Natural gas is seen as a quickly mobilisable, safe and flexible alternative now that the progressive phasing out of nuclear power is under consideration. The Chairman ...
Bern (ots) - BKW FMB Energy Ltd (BKW) has acquired another two wind farms in Italy from Fortore Energia S.p.A. The acquisition strengthens BKW's position as a producer of wind power. The two find farms, Buglia (20 MW) and Ripacandida (42 MW), are located in Italy's windiest region, Apulia, and collectively produce around 95 Gigawatt hours of electricity a year. BKW has acquired these wind farms as part of its move to ...
Bern (ots) - BKW FMB Energy Ltd (BKW) notes with concern the results of the Federal Council's energy policy review. The decision to opt for a phased but definitive withdrawal from nuclear energy with no replacements for the existing nuclear power plants will make it difficult in future to guarantee a reliable, ...
Bern (ots) - Shareholders of BKW FMB Energy Ltd were presented with solid operating results for fiscal 2010 at the 108th General Shareholders' Meeting. The General Meeting approved the 2010 annual and consolidated financial statements and voted in ...
World Engineers' Convention (WEC) 2011
Geneva, Switzerland (ots) - An energy supply producing only a small amount of CO2 is feasible and financially viable. This is shown by the Call from Geneva of the World Engineers' Convention (WEC) 2011. Engineers from all over the world are invited to discuss the theses. "It is the engineers who render the technology available to the world's population and enable us all to optimally use the ever scarcer resources. ...
Bern (ots) - BKW FMB Energy Ltd (BKW) takes note of the decision by the Federal Electricity Commission (ElCom) in mid-April 2011 in favour of reducing the chargeable operating costs for the BKW distribution grid by CHF 15 million per year. For the 4th quarter of the current financial year, when the reduction will first take effect, this means a reduction of around CHF 4 million. BKW accepts this decision and will create ...
Bern (ots) - BKW FMB Energy Ltd (BKW) has launched a review of its corporate strategy in the wake of the events in Japan. The review will cover an analysis of various options and time frames for replacing Mühleberg nuclear power plant, and examine their feasibility and financing options. The most sustainable domestic variant, with a high proportion of renewable energies, can only be achieved if Mühleberg nuclear power ...