Liechtenstein power plants

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Liechtensteinische Kraftwerke (abbreviation: LKW) is an institution under public law and, among other things, is responsible for supplying the Principality of Liechtenstein with electrical energy. The seat is in Schaan . The truck is 100% owned by the country. According to Art 78 Para. 4 LV in conjunction with the LKWG, the Liechtenstein power plants are under the supervision of the government of the Principality of Liechtenstein .

The institution's capital of CHF 25 million (until 2009: CHF 12.0 million) is not divided into shares. The country of Liechtenstein is the sole shareholder.

LKW provides services in connection with its purpose in Liechtenstein and abroad.

Sales and profit development

According to the owner strategy of November 23, 2010 for the Liechtenstein power plants, this should guarantee the Liechtenstein population and the economy the most attractive prices possible for high quality products. There should be no cross-subsidization between the individual truck business areas. The profits generated by LKW from business activities are to be used cost-consciously to secure the long-term financing for the necessary and future-oriented investments in networks and power plants .

All figures in millions of CHF and commercially rounded . Data taken from the annual reports of LKW 2005 to 2012.

year Overall performance Net sales Annual profit
2005 75.50 71.32 4.00
2006 83.70 80.21 7.10
2007 87.20 83.52 17.40
2008 94.70 89.40 13.90
2009 95.00 87.50 12.80
2010 103.30 95.65 9.70
2011 98.45 90.67 9.85
2012 98.00 91.30 12.00

Development of the number of employees

The number of LKW employees in Liechtenstein is relatively stable in relation to the business activity and the expansion of the tasks:

Development of the number of employees at LKW 2005 to 2012
187
188
178
173
191
192
195
203
2005 2006 2007 2008 2009 2010 2011 2012

Legal basis

The legal basis for the Liechtenstein power plants is based on the law of 19 November 2009 on the Liechtenstein power plants (LKWG). To the extent that the LKWG does not contain any deviating provisions, the provisions of the law on the control and monitoring of public companies and personal and company law are to be applied to the trucks .

Technical tasks

The technical tasks of the trucks are: electricity generation , energy distribution , network management, energy trading and other network services in the field of high and low current, including billing, telephony , cable internet .

In this context, the truck complements the tasks z. B. through advice, planning, repair, other energy services, sale of electrical appliances , lighting , photovoltaic systems and offers electrical installations .

LKW is also active in the field of telecommunications line construction in Switzerland. On behalf of Swisscom , it is implementing the broadband expansion of the telephone network in eastern Switzerland ( broadband communication , broadband internet access , broadband network , broadband distribution network ).

organization

organs

As an institution under public law in accordance with the Truck Act, the Liechtenstein power plants consist of the following bodies:

Board of Directors

The board of directors consists of three, at most five, members and is appointed by the government, whereby special expertise in connection with the activities of LKW must be represented on the board of directors.

The tasks of the board of directors are:

  • the overhead line of trucks;
  • the enactment and amendment of the statutes;
  • the determination of the organisation;
  • financial planning and financial control, insofar as this is necessary for the management of the company;
  • the election, supervision and dismissal of the members of the executive board;
  • the implementation of the ownership strategy decided by the government;
  • the preparation of the annual budget, the annual report and the annual accounts.

The tasks of the board of directors can be described in more detail and also expanded in the statutes.

The administrative board is the operational body of the Liechtenstein power plants and usually acts as a collective body. The board of directors makes the fundamental decisions about the company's activities.

As a rule, the Board of Directors has a quorum with a majority of its members and passes resolutions with a simple majority of votes (with a few exceptions).

The chairman of the board of directors of Liechtensteinische Kraftwerke is currently Patrik Oehri from Planken .

Management Committee

In accordance with Item 3 of the Organizational Regulations, an Administrative Committee (VA) can be set up. The VA

  • determines the topics for the meetings of the Board of Directors,
  • discusses management proposals for the board of directors with them,
  • makes a pre-selection for projects and the management can issue corresponding orders for clarification.

According to Item 3.2 of the Organizational Regulations, the VA usually meets one week before each Board of Directors meeting.

The Board of Directors can delegate resolutions to the VA in accordance with Section 3.3 of the Organizational Regulations.

Managing directors

The management consists of three members and these are determined by the board of directors after a public tender.

The management is responsible for the operational management of LKW. The organization, tasks and powers of the management are set out in rules of procedure.

The main task of the management is to manage the operational business for the benefit of the company. The management represents the company externally, unless the board of directors determines otherwise.

Auditor

The auditor (control body) examines the company's business in accordance with the PGR and the establishment's articles of association.

Organizational regulations

The activities, tasks and competencies of the organs of LKW and its subsidiaries are regulated by the Board of Directors in accordance with the organizational regulations, taking into account the Articles of Association and the owner strategy as well as the relevant legal standards. The organizational regulations were issued on February 5, 2013 and replace the organizational regulations of July 7, 2010.

The Board of Directors can issue further regulations, which at least have to be signed by the Chairman of the Board of Directors and the Chief Executive Officer.

Infrastructure

Power plants

According to the owner strategy of November 23, 2010 set by the government, the trucks are obliged to generate as much energy as possible themselves. This can be done by power plants in Germany or by participating in power plants abroad.

The trucks have their own hydropower plants. Together, they produce around 18% of the electrical energy required in Liechtenstein - this corresponds to around 72,000,000 kWh. Around 13% of the energy generated comes from the Samina power plant. With the Schlosswald power plant, the drinking water collected in Malbun is used to generate energy for the municipality of Vaduz.

Development of the in-house production of electrical energy by LKW 2002 to 2011 in% of the total electrical energy consumption of Liechtenstein:

Development of in-house production in%
24.0
16.9
18.7
17.8
17.1
18.1
17.5
17.6
18.0
15.5
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Surface water power plants

  • Samina pumped storage power plant (1949/2015) - see main article: Samina power plant
  • Lawena power plant, Triesen (1946/1987) - see main article: Lawena power plant
  • Letzana power plant, Triesen (2003)
  • Mühleholz power plant, Vaduz (1955/2005)

Drinking water power plants

  • Schlosswald power plant, Vaduz (1994)
  • Steia power plant, Maurerberg (2000)
  • Stieg power plant, Vaduz (2007)
  • Maree power plant, Vaduz (2007)
  • Meierhof power plant, Triesen (2012)
  • Snowlucht power plant, Malbun (2011)
  • Wissa Stä power plant, Planken (2009)
  • Wisseler- Rudabach- and Efiplanken Quellen power plant, Schaan (2010)

Alpenrhein power plant

Barrages for energy generation have been planned on the Alpine Rhine for decades. According to the ambitious 2020 energy strategy, the share of renewable domestic energy sources is to be increased to 20 percent. In addition to expanding domestic renewable energy production from electrical energy and heat, domestic energy generation is to be expanded with an additional 100  gigawatt hours (GWh) per year. The central element of this energy strategy is the use of the hydropower of the Alpine Rhine with two barrages, from which 80 GWh are to flow into Liechtenstein every year. The expansion of further power plants from renewable energies should generate around 6 GWh / year.

There is already considerable resistance among the population to this use of the Alpine Rhine by power plants.

Hydroelectric power stations in Styria

In Styria, LKW has been involved in the Hagenbach and Teichenbach hydropower plants since April 2010, which only provide electrical energy for the Liechtenstein power plants (water catchment area: Seckauer Tauern ). The use of energy from hydropower was made possible by the conclusion of long-term supply contracts with Liechtenstein Energie GmbH & Co KG, a company of the Fürst Liechtenstein Foundation (SFL). Around fourteen million kilowatt hours (kWh) of energy are generated annually.

In October 2010, the small hydropower plant Seebach-Ranten (Styria) was acquired by the subsidiary Austrel AG as the first hydropower plant of LKW outside Liechtenstein. Starting in autumn 2011, around two to three million kilowatt hours will be gained here every year (water catchment area: Rantenbach in the valley between Murau and Tamsweg, which drains a raised bog and has very consistent runoff characteristics).

This commitment is also intended to implement LKW's strategy to increase its own production from renewable energy sources.

Wind power plants

Another step to supplement this strategy should be made with wind power from the North Sea. For this purpose, LKW came together with 30 municipal utilities from Germany and other shareholders from Luxembourg , Austria and Switzerland as well as BARD Engineering GmbH ( SüdWestStrom Windpark GmbH & Co KG) and wanted to build or take over the first commercial offshore wind farm in the North Sea ( Around 100 kilometers north-west of the island of Borkum , an “Ocean Breeze 1” wind farm (now BARD Offshore 1 ), consisting of 80 wind turbines (BARD 5.0) with 5 megawatts each , was built on an area of ​​around 60 km² . The truck has secured an annual amount of energy of around 20 million kilowatt hours. After completion in the summer of 2012, the entire wind farm should have delivered around 1.6 billion kilowatt hours of electrical energy to the holding company SüdWestStrom Windpark GmbH & Co. KG.

In November 2012, the abandonment of the project and the dissolution of the investment company SüdWestStrom Windpark GmbH & Co. KG: Investment company for municipal utilities with the aim of buying the offshore wind farm BARD Offshore 1 was announced. Notification from LKW in the 2012 annual report: "Due to various negative external influences, the first tranche of the investment in SüdWeststrom Windpark GmbH & Co KG (Ocean Breeze 1 wind farm) had to be written off completely".

Energy network

The Principality of Liechtenstein is connected to Austria ( Vorarlberg ) via a 110 kV line and four 110 kV lines to Switzerland . Substations are in Balzers , Eschen , Schaan and Triesen .

Within Liechtenstein, the required electrical energy is over

  • 10 kV lines with a total length of about 300 km and that
  • 400 V three-phase low-voltage network with a length of around 1500 km, distributed (over 260 transformer stations).

Telecom network

The infrastructure for the telecommunications network is not owned by Telecom Liechtenstein . This has belonged to the Liechtenstein power plants since 2006 in order to achieve the “goal of vertical separation and concentration of service provision for LTN / TFL and infrastructure provision” for LKW.

Lawena Museum

In the Lawena truck power station in Triesen (built in 1926), the Lawena Museum is operated on three floors. On the second and third floors there is a themed exhibition on “electrical household appliances” with exhibits from 1910 to the present day.

The museum itself is run on a voluntary basis by the members of the «Pro Lawena Museum» association (founded in July 2011).

Certifications

The Liechtenstein power plants have acquired several certifications to ensure ongoing and high-quality corporate activity (business processes), e. B .:

  • ISO 9001 (fulfillment of minimum requirements for a quality management system),
  • ISO 14001 (environmental management system),
  • "GoodPriv @ cy" (data protection seal of approval for companies that process personal data),
  • " Naturemade " (quality mark for ecologically produced energy from renewable sources).

Holdings

The Liechtenstein power plants are involved in various companies:

  • 28.57% of the Triesenberg - Steg utility association for the works line gallery , based in Triesenberg.
  • 21% in the Schaan combined heat and power plant based in Schaan (shareholding dissolved on December 31, 2008).
  • 25% in the Triesen combined heat and power plant based in Triesen (stake dissolved on December 31, 2008).
  • 1.58% in Infel AG, based in Zurich .
  • BHKW-Zweckverband Brüel (stake dissolved on December 31, 2007).
  • 13.36% in Abonax AG, based in St. Gallen .
  • 26.60% in SüdWeststrom Windpark GmbH & Co KG based in Tübingen , Germany (stake expired in 2012 - liquidation of the company).
  • 1% in the high-current filling station investment project with NTB based in Buchs , Switzerland
  • 100% in Austrel GmbH based in Feldkirch in Austria (this company took over Seebach Kraftwerk Errichtungs- und Betriebs GmbH (Austria) in 2010).
  • 10% in Repartner AG based in Poschiavo , Switzerland.

In 2006, the board of directors of the Liechtenstein power plants decided to dissolve the holdings in all block-type thermal power plant associations.

Web links

literature

Individual evidence

  1. This abbreviation is an officially used abbreviation, see Art 1 LKWG, LGBl 355/2009.
  2. Entry in the commercial register with the commercial register number: FL-0001-005-961-7.
  3. Art 4 LKWG. See also item 3.1 of the owner strategy of November 23, 2010 (RA 2010 / 2631-3810) for the Liechtenstein power plants (LKW), which the government issued on the basis of Article 16 of the Public Company Control Act .
  4. Law of 19 November 2009 on the Liechtenstein Power Plants (LKWG), LGBl 355/2009.
  5. Art 17 LKWG in conjunction with Art 78 Para. 4 LV .
  6. The State of Liechtenstein contributed CHF 2.0 million in cash and CHF 10.0 million in tangible assets.
  7. Art 6 LKWG.
  8. Art 3 para. 1 lit. a) LKWG.
  9. See also point 3.1 of the owner strategy of November 23, 2010 (RA 2010 / 2631-3810) for the Liechtenstein power plants (LKW), which the government issued on the basis of Art 16 of the Public Company Control Act .
  10. LGBl 355/2009. Previously, the law of June 16, 1947 regarding the “Liechtenstein Power Plants”, LGBL 30/1947, applied.
  11. See also Art 3 LKWG.
  12. Art 8 LKWG
  13. Art. 9 para. 1 LKWG.
  14. Art 9 para. 2 LKWG. Item 2.1 of the organizational regulations
  15. Art 10 LKWG.
  16. The members of the Board of Directors (and the management) subscribe in accordance with Item 8.1. of the Organizational Regulations collectively in pairs.
  17. Point 2 Organizational Regulations.
  18. Item 2.3 of the Organizational Regulations.
  19. Art. 11 para. 1 LKWG. Point 4.1. and 4.3 of the organizational regulations.
  20. Point 2.1 of the organizational regulations.
  21. Art. 11 para. 2 LKWG. Point 4.2. of the organizational regulations.
  22. Art 13 LKWG.
  23. The application to subsidiaries and companies with a majority shareholding should be made analogously in accordance with Item 1 of the Organizational Regulations.
  24. The government took note of the new organizational regulations on August 27, 2013 (BNR 2013/1313).
  25. Point 8.3. of the organizational regulations.
  26. RA 2010 / 2631-3810
  27. See also item 4.1.2 of the owner strategy for the Liechtenstein power plants (LKW), which the government has enacted on the basis of Article 16 of the Public Company Control Act .
  28. As early as the end of the 1970s, run-of-river power plants were to be built, which should have provided over 400 GWh of electrical energy.
  29. Annual production from photovoltaic systems is to be increased from currently 11.4 GWh to a share of 26 GWh / year by 2020.
  30. LKW Annual Report 2012, p. 2.
  31. Annual Report 2012, page 30.
  32. See GOVERNMENT REPORT AND MOTION (BuA) No. 135/2006, BuA 21/2013, p. 13. See also the agreement between the Liechtensteinische Kraftwerke Anstalt (“LKW”) and Telecom Liechtenstein AG of July 11, 2006 for Restructuring of the telecommunications markets in Liechtenstein and the criticism of it by the EFTA surveillance authority ( final report of the hearing officer in case 61291 - Liechtensteinische Kraftwerke Anstalt and Telecom Liechtenstein AG (PDF) ) and [1] .