Tuesday, April 19, 2016

Energy company Delta put himself in the shop window – NU.nl

Delta sigh under the sharp fall in electricity prices. So far, the stable income from the network company kept the company on its feet, but it must do soon delta distance. In 2008 it is laid down that energy companies do not own transmission may have more.

In order to maintain a viable business after the forced separation, Delta must own words also set aside the onerous production and trading arm of the division that provides energy and telecom services to consumers.

This section must then receive a capital injection. The shareholders, of which the province of Zeeland is the largest, were willing to guarantee an emergency loan that could be closed before.



Not Responsible

Ultimately, however, that operation appears not financially veantwoord, suggested Delta Tuesday. Therefore, the energy goes entirely into sales. The aim here is to keep intact the two parts, but also a further division among the possibilities being investigated.

Only 50 percent stake in water company Evides remains outside a possible sale. That remains with the splitting off grid company owned by the current shareholders, said a spokeswoman for Delta.



Employee

The consequences for the approximately 1,700 employees of Delta are still unclear. Earlier this month it was announced that the original restructuring plan would cost one hundred to two hundred jobs. It is feared that the loss of jobs at a sale just will carry higher risks.

The production and market sector includes power plants and sales to business customers. This includes the Electricity Production Southern Netherlands (EPZ), the owner of the Borssele nuclear power plant.

For this part must according to Delta to find a separate solution, the government has to play a major role.

By: Reuters

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