Change in the EGL Executive Management
30. January 2009
The EGL Board of Directors has appointed Domenico De Luca as a Member of Executive Management and as the new Head of the Energy Trading & Origination Division. Domenico De Luca replaces Harald von Heyden, who is stepping down for family reasons and will return to Norway as Managing Director of EGL Nordic.> more
EGL - no change in dividend
30. January 2009
The 52nd General Meeting of Shareholders of Elektrizitäts-Gesellschaft Laufenburg AG (EGL) approved the financial statements for the 2007/08 financial year that ended on 30 September 2008 and the pay-out of a dividend of CHF 18 per share.> more
Marine Survey to Verify Offshore Route for the TAP
21. January 2009
The Trans Adriatic Pipeline project will start a seabed survey in the Adriatic Sea on 26 of January to verify the route for the underwater section of the new gas pipeline.> more
Successful trading business and important progress in strategic projects
16. December 2008
In the 2007/08 financial year the EGL Group recorded a clear increase in its operating result and achieved important strategic targets. Compared to the previous-year figures adjusted for special factors EBT rose 95% to CHF 415.3 million, while net profit was 110% higher at CHF 315.4 million. Milestones achieved in the implementation of the company's strategic projects included the commissioning of its second gas-fired combined-cycle power plant in Rizziconi, Italy, the foundation of a partnership for the Trans Adriatic Pipeline, and the signing of a long-term natural gas delivery contract with the National Iranian Gas Export Company.> more
Markus Brokhof joins EGL Executive Management
Dietikon, 03. December 2008
The EGL Board of Directors has officially appointed Markus Brokhof as a Member of EGL Executive Management and Head of the Gas Supply & SEE division. Markus Brokhof has been serving in both functions ad interim since June 2008.> more
Deriwatt renamed EGL Trading AG
Dietikon, 01. October 2008
With effect from 1 October 2008, Deriwatt, the Energy Derivatives Division of EGL Group, is changing its name to EGL Trading AG.> more
Rizziconi Energia power plant operational
Dietikon, 15. July 2008
After a construction time of 27 months EGL Group's second gas-fired combined-cycle power plant in Italy, Rizziconi Energia, is operational now. The plant situated in the province of Calabria has a capacity of 760 MW and is fully-owned by EGL.> more
Results impacted by high trading profit
Dietikon, 03. June 2008
EGL recorded a successful trading result and achieved important strategic objectives in the first half-year 2007/08: it entered into a partnership in connection with the Trans Adriatic Pipeline and signed a natural-gas supply contract with the National Iranian Gas Export Company. EGL's second gas-fired combined-cycle power plant in Italy is scheduled to go into operation in Rizziconi around mid-June. EBT is 43% higher than the previous-year figure adjusted for positive special factors. > more
EGL, StatoilHydro Complete Trans Adriatic Pipeline Joint-Venture Setup
Dietikon, 25. April 2008
Norway’s StatoilHydro ASA and Swiss-based EGL Group concluded the final agreements leading to the establishment of their equally-owned joint venture company that will develop, build and own the Trans Adriatic Pipeline (TAP). The pipeline will carry natural gas from the Caspian Sea and Middle East regions into Europe.> more
EGL Seals Final Gas Purchase Agreement with NIGEC
Dietikon/Tehran, 17. March 2008
Executives of Swiss-based EGL Group and their counterparts of the National Iranian Gas Export Company (NIGEC) today signed a final long-term agreement in Tehran.> more
