E.ON significantly expands investment program

• Investments to increase by €9 billion
• Management to propose increased dividend of €4.10
• Adjusted EBIT up 10 percent
“We need to do an even better job convincing people that a company
like E.ON—precisely because of its international presence, size,
technological potential, and financial strength—is the right partner for
them, a partner they can trust and rely on,” E.ON CEO Wulf H.
Bernotat said at the company’s annual press conference in Düsseldorf.
E.ON therefore intends to deepen its dialog with the public, Bernotat
said “This is the only way we’ll be able to convince people that
Europe needs to design balanced strategies for a sustainable energy
supply.”
Huge investments will be needed to implement these strategies and
make Europe’s energy supply even more environmentally friendly,
secure, and reliable. E.ON is therefore increasing its planned
investments for 2007-2010 by €9 billion. In the period 2008-2010
alone, the company now plans to invest roughly €50 billion. €38
billion of this figure is earmarked for power generation and supply.
E.ON is currently planning to build 17 new coal-fired and gas-fired
power plants in Europe and Russia, five of which are in Germany.
Renewables also represent a key investment focus. E.ON plans to
double its planned renewables investments to €6 billion for the period
2007-2010. “Our investments in state-of-the-art power plants,
renewables, energy infrastructure, and gas procurement will help
secure Europe’s energy future. E.ON is a pacesetter in our industry.”

Quelle: oak media GmbH / pressbot.net

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06.03.2008 - 15:55 Quelle: pressbot.net | Gelesen: 180 X