joining forces europe's first cross-border transmission system operator j.m. kroon mba, ceo...
TRANSCRIPT
Joining Forces
Europe's first cross-border Transmission System
Operator
J.M. Kroon MBA, CEO TenneT Holding
Düsseldorf, 10 November 2009
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Europe's first cross-border TSO
Major step towards integrated European market
“Joining Forces”
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Benefits of joining forces
– Societal benefits as a result of price development
– Greater security of supply
– Greater opportunities for sustainable development
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Societal benefits as a result of price development
– Towards a 'level playing field'
– Greater price stability
– Cost savings thanks to synergy effects
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Greater security of supply
– More effective maintenance of energy balance
– Working together on grid security
– Stronger position in European market
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Greater opportunities for sustainable development
– Coordination of wind energy
– Pooling knowledge on offshore projects
– Investing jointly in a sustainable Europe
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Transaction & financing
– Approval from shareholder (Dutch Ministry of Finance)
– Support from Dutch Minister of Economic Affairs
– Transaction value of company: EUR 885 million
– Committed loan from ING/RBS
– Transfer with effect from January 2010
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TenneT & transpowerJoining Forces
TenneTtranspower
Balance sheet total (2008) EUR 5 billion Revenue (2008) EUR 1.2 billion
EBITDA (2008) EUR 282 million
No. of staff 1340
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TenneT & transpowerJoining Forces
TenneT transpower
Circuit length 19,100 km
No. of substations 368
Conn. production capacity 82,000 MW
Wind power 9,800 MW
Head office Arnhem BayreuthControl Centres Arnhem Lehrte
Ede Bamberg
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Organizational structure
No impact oneach other's tariffs
Thank you foryour attention