Alpiq successfully concludes purchase contract with IWB in respect of a 15 per cent participation in the Nant de Drance pumped storage power station

The transfer of 15 percent of the share capital in the Nant de Drance SA project company from Alpiq to IWB has been successfully finalised between the partners.

On 18 September 2012 Alpiq AG (Alpiq) and IWB (Industrielle Werke Basel) announced that the transfer of 15 percent of the share capital in the Nant de Drance SA project company from Alpiq to IWB had been contractually agreed. Yesterday all the shareholders in Nant de Drance SA signed the amended partnership contract. The shareholders in Nant de Drance SA are now as follows: Alpiq (39 per cent), Swiss Railways SBB (36 per cent), IWB (15 per cent), FMV (10 per cent).

Alpiq and the partners SBB and FMV are delighted about the successful conclusion of the transaction and the participation of IWB as a shareholder in Nant de Drance SA. With IWB an additional strong partner has been found. The commitment of the four partners underlines the strategic importance of pumped storage power stations for a secure supply of energy in Switzerland. The addition of a fourth shareholder also provides Alpiq with a reduction in its financial burden and risks. As the largest shareholder, Alpiq will retain the operational management of Nant de Drance SA.