STEAG and EnBW want to work together in the construction and operation of thermal power plants

Essen/Karlsruhe. STEAG AG in Essen and EnBW Energie Baden-Württemberg AG in Karlsruhe want to work together in the construction and operation of thermal power plants. A relevant agreement will be signed this week. It should be firmed up in 2007. Among other things, two projects are planned: one power plant by both EnBW and STEAG. The locations have not yet been determined. In addition, both companies are considering investing in the other company’s power plant. This agreement builds on a set of guidelines already signed in April 2005.

EnBW has already been involved together with STEAG Saar Energie AG in Saarland in the Bexbach power plant and also obtains electricity from this power plant. EnBW is involved in the project of the Walsum 10 power plant planned by STEAG by way of a power supply contract.

EnBW Energie Baden-Württemberg AG is the third largest German energy company with approximately 5 million energy customers. EnBW currently has 17,700 employees and achieved annual sales of 9.8 billion euros in 2004. The core activities of EnBW are concentrated in the business areas of electricity, gas as well as energy and environmental services. It owns numerous power plant capacities with a total installed output of about 14,000 megawatts.

STEAG AG, an indirect wholly owned subsidiary of RAG Aktiengesellschaft, is the fifth largest German power generator. Its core business is power generation in anthracite power plants (eight plants on the rivers Rhein and Ruhr and in Saarland; two plants overseas), industrial power plants and in plants for decentralised energy supply. The total installed electrical output nationally and internationally is approximately 9,000 MW. Other business areas include gas distribution (transportation, retail and supply of natural gas) and the retail of coal (sale, processing and delivery of anthracite). In 2005, the roughly 5,000 employees will generate a turnover of more than four billion euros.