Page 90 - KELAG Annual Report 2019
P. 90

The  KELAG  Group  is  one  of  the  leading  energy  service  providers  in  Austria.  KELAG-Kärntner
                                      Elektrizitäts-Aktiengesellschaft (KELAG), the parent company of the Group, is active across Austria
                                      in the fields of electricity and natural gas, with a focus on Carinthia. The subsidiary KELAG Energie
                                      &  Wärme  GmbH  operates  successfully  throughout  Austria  in  the  heat  business  and  selling
                                      electricity and natural gas to key accounts. The grids in Carinthia (electricity and natural gas) are
                                      operated  by  the  subsidiary  KNG-Kärnten  Netz  GmbH.  International  activities  in  the  fields  of
                                      hydroelectric,  wind  and  photovoltaic  power,  as  well  as  energy  trading  outside  Austria,  are
                                      bundled at KI-KELAG International GmbH and its subsidiaries.

                                      The KELAG Group has decades of experience in the production, distribution, trading and sale of

                                      KELAG based at Arnulfplatz 2, A-9020 Klagenfurt am Wörthersee, and registered at the State and
                                      Commercial Court of Klagenfurt under the number 99133i, and its subsidiaries constitute the
                                      KELAG Group; the following consolidated financial statements for the financial year 2019 have an
                                      exempting effect in accordance with the provisions under Sec. 245a UGB (Austrian Commercial

                                      Information on its ultimate parent, KEH-Kärntner Energieholding Beteiligungs GmbH (KEH), is
                                      presented in the section on related parties.
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