Bern (ots) - At the Annual General Meeting in Berne, shareholders of BKW Inc. (BKW) were presented with solid results for fiscal 2012. The Annual General Meeting approved the 2012 annual and consolidated financial statements and voted in favour of a dividend payment of CHF 1.20 per share (previous year: ...
Calgary, Alberta (ots/PRNewswire) - - TSX ticker symbol; BKX All amounts are in U.S. Dollars unless otherwise indicated: 2013 2012 % Earnings (Loss): $ Thousands $(5,320) $(3,520) L $ per common share assuming dilution $(0.04) $(0.02) L Capital Expenditures $2,492 $10,759 (77) Average production per day (Boepd) 1,674 1,654 1 Average Product Price per Barrel $34.69 $38.55 (10) Average Netback per Barrel $18.89 $18.08 4 ...
Bern (ots) - In its ruling of 15 April 2013 the Swiss National Electricity Commission ELCOM adjusted the chargeable costs of transmission networks in favour of the BKW. As a result, BKW can claim an additional CHF 3 million in charges for the use of their transmission network On 6 March 2009 ELCOM issued a ruling on ...
Calgary, Alberta (ots/PRNewswire) - TSX ticker symbol; BKX All amounts are in U.S. Dollars unless otherwise indicated: Fourth Quarter Twelve Months 2012 2011 % 2012 2011 % Earnings (Loss): $ Thousands ($4,538) $687 L ($14,948) $705 L $ per common share ($0.03) $0.00 L ($0.10) $0.00 L assuming dilution Funds from operations: $ Thousands $(1,855) ($346) (436%) ($5,545) $5,972 L $ per common share ($0.01) ($0.00) - ($0.04) ...
Bern (ots) - The BKW Group recorded a solid operating profit in 2012 despite the challenging economic and regulatory environment. Both the energy and grid businesses contributed to this positive development, which was supported by higher production volumes from nuclear power plants and renewable energies, the good ...
Bern (ots) - By agreement with the Board of Directors of BKW, Ueli Dietiker has decided to step down at the Annual General Meeting on 17 May 2013. His resignation was made in view of his commitment to Swisscom AG. By deciding to step down, Ueli Dietiker eliminates any potential conflict of interests between his BKW mandate and his position at Swisscom. Dietiker has been a member of the BKW Board of Directors since his ...
Bern (ots) - The BKW Group has reported a solid operating profit despite last year's difficult economic and regulatory environment. Consolidated revenue rose by 8.6% to CHF 2,860 million. The operating result (EBITDA) was CHF 273 million higher at CHF 411 million and contains special provisions for ...
Frankfurt (ots) - - Promotional volume of EUR 73.4 billion with continuing high demand - Increase of SME financing (+7%) - Energy-efficient construction and refurbishment with record volume (+52%) - 40% of promotional activities for environmental and climate protection - Continuation of modernisation process In 2012 KfW Bankengruppe extended a total financing volume of ...
Bern (ots) - BKW Inc. welcomes the priorities set by the Federal Council in its 2050 energy strategy. However, the energy strategy focuses unilaterally on measures related to electricity. To ensure future energy security in Switzerland, a comprehensive approach is needed that gives equal consideration to all energy sources. At the end of May 2011 the Federal Council decided on a withdrawal from nuclear power. As a ...
Bern (ots) - BKW Inc. is adjusting its corporate and organisational structure with a view to implementing its new BKW 2030 corporate strategy successfully, so as to capitalise on the business opportunities offered by the 2050 energy strategy. The restructuring reflects a stronger focus on energy efficiency and renewable energies, creates the right conditions for ...
Bern (ots) - BKW Inc. has decided to carry out various maintenance tasks at Mühleberg nuclear power plant. This work necessitates a temporary shutdown which will start on Saturday 19 and provisionally end on Tuesday 22 January 2013. The work will include rectifying a malfunction in the cleaning system for a capacitor in the machine house and the replacement of a seal ...
Montreal (ots/PRNewswire) - Enerkem Inc. (http://www.enerkem.com), a waste-to-biofuels and chemical company, is pleased to welcome the first employees to the Enerkem Alberta Biofuels facility in Edmonton. This facility is currently under construction and will be one of the first full-scale advanced biofuels ...
Bern (ots) - In 2012 BKW Inc's Mühleberg nuclear power plant (KKM) recorded its best result since going into operation, generating a gross annual volume of 3,117 million kilowatt hours (kWh). Since the early 1970s, the KKM has generated a total of more than 108 billion kWh of electricity, which would cover the consumption of a city the size of Berne for more than one ...
Bern (ots) - BKW is undertaking additional investigations to safeguard the longterm operation of the Mühleberg nuclear power plant (KKM). This is necessary since the initial indicative tenders show that the original estimated costs of 170 million CHF will be exceeded. An assessment of economic viability and a ...
Bern (ots) - BKW Inc. has approved the agreement governing the transfer of the trans-mission grid to swissgrid. BKW will therefore transfer ownership of its transmission grid to swissgrid on 3 January 2013. Back in 2009 BKW, along with other transmission grid owners, began working with swissgrid, the national grid company, on preparations for this transaction as prescribed by law. The contractual and operational ...
Anapa, Russia (ots) - Russian President Vladimir Putin marked the start of the South Stream Project today, through a symbolic welding ceremony during celebrations near Anapa, on the Russian coast of the Black Sea. The event, named "South Stream - Welding the Partnership", celebrates the Russian-European cooperation ...
Bern (ots) - On 23 November 2012 BKW Inc. placed for the first time two registered notes with terms of 15 and 20 years and for nominal amounts of EUR 40 million and EUR 85 million, respectively. The registered notes are debentures under German law and were placed in Germany. The successful raising of credit on the German capital market secures the currency- and country-matched funding of BKW's investments in Germany and ...
Bern (ots) - Since it was first commissioned in early November 1972, Mühleberg nuclear power plant (KKM), owned by BKW AG, has produced more than 108 billion kilowatt hours (kWh) of electricity reliably and cost-effectively. This corresponds to almost twice the volume of electricity consumed annually by the whole of Switzerland. Successful operation coupled with the ...
Bern (ots) - Samuel Leupold, member of the Executive Board and Head of the Energy International and Trading division, is leaving BKW mid-February next year, to take up a position as member of the executive board of Danish energy company Dong Energy, where he will be responsible for the off-shore wind division. Samuel Leupold joined BKW on August 1, 2006, as Head of Production. Since April 1, 2008, he has been a member of ...
Bern (ots) - BKW is lodging an appeal with the Federal Administrative Court against the decision issued by the Federal Electricity Commission (ElCom) at the end of September 2012 concerning the value of the transmission grid. The appeal concerns an objection to the method defined by ElCom for determining the value ...
Madrid (ots/PRNewswire) - - Isolux Corsan is executing a turnkey project for the construction of a 335 MW combined cycle power plant in Bangladesh. - The Spanish company is currently executing two contracts in this Asian country with a total turnover of nearly EUR420 million. This past Wednesday Chairman Luis Delso ...
Bern (ots) - The Board of Directors of BKW Inc. has appointed Dr. Suzanne Thoma as the new CEO of BKW Inc. Effective 1 January 2013, she will take over as Chief Executive Officer of BKW from Kurt Rohrbach, who was elected as full-time second Vice Chairman at the Annual General Meeting on 11 May 2012. Suzanne Thoma has been Head of the Networks Division and a member of the Group Executive Board since 1 August 2010. She ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") provides the following update on its operations in Poland and Oklahoma. Poland The Miszewo T-1 well, on the Trzebielino Concession in Poland held by the Company's 100% owned subsidiary, Indiana Investments Sp. z o.o. ("Indiana"), has been drilled to a depth of approximately 5,400 meters. Muted gas shows were recorded while drilling and coring in ...
Bern (ots) - Despite a challenging economic and regulatory environment, the BKW Group recorded a better result for the first half of 2012 than in the prior-year period. Consolidated operating revenue rose from CHF 1,346.4 million in the prior-year period to CHF 1,368.1 million, corresponding to an increase of 1.6%. Operating profit before depreciation, amortisation and ...
Hamilton, Bermuda (ots/PRNewswire) - Oil Insurance Limited (OIL) announced today the unveiling of its re-designed website providing easier access and navigation to information about OIL for members and brokers on a 24 x 7 basis. The site is intended to overview OIL's offered products, the 8 energy industry segments that OIL serves and information to enable a full ...