Page 4 - KELAG Annual Report 2019
P. 4

wind  power  and  photovoltaic  power,  as  well  as  energy
                                                                  trading  outside  Austria,  are  bundled  at  KI-KELAG
                                                                  International GmbH.

                                                                  In  addition  to  expanding  the  use  of  renewable  energy
                                                                  sources in Austria and abroad, KELAG’s focus is on activities
                                                                  to sustainably improve energy efficiency. This includes, for
                                                                  example,  energy  efficiency  and  energy  management
                    KELAG  is  one  of  the  leading  energy  service  providers  in
                                                                  solutions such as photovoltaics, smart metering and smart
                    Austria. The group entities operate in the segments energy,
                                                                  home. KELAG is also actively involved in the strategic fields
                    grids  and  heat  and  key  accounts.  Business  activities  are
                                                                  of development of e-mobility and broadband/fibre optics.
                    focused on the region of Carinthia. Founded in 1923, the
                    company  has  extensive  experience  in  the  production,
                                                                  With consolidated revenue of around EUR 1.3b and 1,524
                    procurement,  distribution  and sale  of grid-based  energy.
                                                                  qualified  employees,  the  Group  is  one  of  Carinthia’s
                    KELAG is one of the largest Austrian producers of electricity
                                                                  flagship enterprises.
                    from hydroelectric power.
                                                                  51.07%  of  the  shares  in  KELAG  are  held  by  Kärntner
                    Subsidiary  KELAG  Energie  &  Wärme  GmbH  is  Austria’s
                                                                  Energieholding Beteiligungs GmbH (KEH), which is owned
                    largest provider of heat based on biomass and industrial
                                                                  by  the  state  of  Carinthia  (51%)  and  innogy  International
                    waste heat and a supplier for key accounts in the electricity
                                                                  Participations N.V. (49%). Verbund AG holds 35.17% of the
                    and gas segment. KNG-Kärnten Netz GmbH operates the
                                                                  shares in KELAG, while 12.85% are held directly by innogy
                    distribution grid for electricity and natural gas in Carinthia.
                                                                  International Participations N.V and 0.91% of the shares are
                    International activities in the fields of hydroelectric power,
                                                                  in free float.

                     KNG-Kärnten Netz GmbH                                                 100.00%
                     KELAG Energie & Wärme GmbH                                            100.00%
                     KI-KELAG International GmbH                                           100.00%
                     Interenergo d.o.o.                                                    100.00%
                     Kärntner Restmüllverwertungs GmbH                                     74.90%
                     Windpark Nikitsch GmbH                                                75.00%
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