Alpiq bundles trading and sales activities in Central and Eastern Europe

Alpiq Energy SE is the new centralised Alpiq Group company for electricity wholesale and the end customer business in Central and Eastern Europe. The company was founded in Prague under EU law in December 2010, following a multi-phase process.

Alpiq has founded Alpiq Energy SE in Prague to combine its activities in Central and Eastern Europe under one roof. With expected revenues of CHF 1.5 billion for 2010, the company is one of the largest enterprises in the Czech Republic and, with a staff of 144, is active in 15 countries in Central and Eastern Europe. Covering around 30 Terawatt hours, the company's portfolio is one of the most diversified in the region.

Alpiq Energy SE is a company under EU law with registered office in Prague and branches in Poland, Hungary, Slovakia, Slovenia, Bulgaria and Romania. It offers counterparties excellent service and collateral conditions. Customers and trading partners benefit from a strong, centralised company with a solid capital base, simple contractual relations and low credit risks for both parties to a contract.

Multi-phase process leading to company's foundation

Alpiq Energy SE is a member of the Alpiq Central Europe Group, which covers most of Alpiq's power generating capacities in Central and Eastern Europe. The foundation of Alpiq Energy SE was preceded by a multi-phase process. The first step to implement the new structure was the merger of Czech, Slovakian and Austrian companies Atel Česká Republika s.r.o., Atel Slovensko s.r.o. and Atel Austria GmbH to create Alpiq Energy SE, which came into force on 1 January 2010. The second milestone was reached when Alpiq Energia Magyarország Kft. of Hungary and Atel Polska Sp. z o.o. of Poland were merged with Alpiq Energy SE on 1 December 2010.