Central German lignite company

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Central German Braunkohlengesellschaft mbH

logo
legal form GmbH
founding 1994
Seat Zeitz , GermanyGermanyGermany 
management Armin Eichholz , Kai Steinbach, Alexander Lengstorff Wendelken
Number of employees 1,887 (2018)
sales 426.5 million euros (2014)
Branch Mining
Website www.mibrag.de

Wählitz power plant

The Central German lignite mbH ( MIBRAG ) is a company devoted to the promotion and proportionate processing of lignite is concerned. For this purpose the MIBRAG operates in the south of Leipzig the large open pits United Schleenhain and Profen in the Central German lignite mining area and the finishing locations Deuben (industrial power plant, pulverized fuel) Mumsdorf (industrial power plant until 2013) and Wählitz (industrial power plant). It supplies the lignite for several large power plants such as the Lippendorf and Schkopau lignite power plants in central Germany. The company's headquarters are in the Zeitz district of Theißen in Saxony-Anhalt . The chairman of the management is Armin Eichholz, the commercial director Kai Steinbach and the managing director HR / Labor Director Alexander Lengstorff Wendelken. The chairman of the MIBRAG supervisory board has been Stanislaw Tillich , former Prime Minister of the Free State of Saxony (2008-2017) , since September 2019 .

history

In 1990, initially through the privatization of the former VEB Braunkohlenkombinat Bitterfeld, the Vereinigte Mitteldeutsche Braunkohlenwerke AG was founded and was owned by the Treuhandanstalt . In 1994, large parts of this company were bought up by the British-American consortium PowerGen , NRG Energy , Morrison-Knudsen (part of Washington Group International since 2000 ) and MIBRAG mbH was created. The subsidiary of the Treuhandanstalt LMBV took over the rehabilitation of the disused East German open-cast lignite mines (see list of German open-cast lignite mines ). Until it was sold to ČEZ and J&T Investment Advisors (J&T) in 2009, the company was owned equally by Washington Group International and NRG Energy. When the Energetický a Průmyslový Holding (EPH) was formed, J&T contributed its share to the company. On July 28, 2011, EPH announced that it would take over the participation of ČEZ through its subsidiary EP Energy as .

Future of MIBRAG

Germany's energy policy stipulations on the expansion of renewable energies and CO 2 reduction have a decisive influence on MIBRAG's business model. The Renewable Energy Sources Act formulates the goal of generating 80% of electricity in Germany from renewable energies by 2050. What role coal - especially lignite - can then still play is controversial. The federal government was planning a reform of the electricity market for 2015, which should also include the introduction of a national climate protection contribution . The air post was to controversial political debate and pressure from trade unions IG BCE and Verdi but not introduced, some lignite plants are instead now decommissioned and placed in a safety willingness transferred. The groups RWE , Vattenfall and Mibrag receive remuneration totaling 1.6 billion euros. It has not yet been conclusively clarified whether the security readiness violates European competition law and constitutes illegal aid. In April 2015, MIBRAG said goodbye to plans to build a new lignite power plant near Profen.

Decline in provisions

According to a statement from Greenpeace Germany, there was a "collapse in provisions" in 2010 after the takeover by EPH. Accordingly, the provisions would have decreased by 55% only one year after the sale. The provisions for recultivation were revalued due to a legal obligation resulting from the Accounting Law Modernization Act, BilMoG, from 2009. The provisions are intended to ensure that after the end of mining, the ecological consequential damage and associated costs can be settled. Even in 2014, the reserves were still significantly less than their original amount of 226,753,000 euros before the sale, despite a slight increase at 129,492,000 euros. Due to the strong capital outflow, EPH amortized the purchase price after a short time. Return on sales of 19%, as EPH claims to achieve with the Mibrag, are "unusually high" for the mining industry.

numbers

year Sales in € million Operating profit in € million Annual surplus or transferred profits in € million Employee Lignite production in million t Electric energy in GWh Own consumption in GWh
2001 306.4 30th 1.927 18.7
2002 298.1 47.3 39.7 1,992 19.5
2003 303.0 42.9 33.1 2.148 21.5
2004 293.6 35.3 32.6 2,083 19.7
2005 291.1 43.5 33.7 2.165 18.6
2006 321.0 36.8 2,196 19.9 1,284
2007 328.3 50.8 39.8 2.152 18.6 1,449
2008 328.3 32 2.129 19.0 1,403
2009 384.6 57.5 56.2 1.996 19.7 1,130 408.3
2010 387.1 68 70.2 2,000 19.6 1,135.5 408.2
2011 395.4 73.6 67.3 2.008 19.0 1,320
2012 436.8 94.3 83.2 1.991 18.7 1,355
2013 421.1 90.2 82.1 1,978 19.1 944
2014 426.5 78.3 70.2 2,018 20.9 735
2015 18.6
2016 17.3
2017 18.4
  1. ↑ (in 2014 of which 133 trainees and junior managers)

The figures were taken from the current annual reports and researched in the Federal Gazette . When the 2013 annual financial statements were published, Mibrag clearly exceeded the permitted deadline.

The own consumption is used to mine and transport the lignite. MIBRAG therefore - unlike most electricity consumers - does not pay an EEG surcharge on the electricity it consumes.

Holdings

The following subsidiaries and holdings belong to MIBRAG :

Power plants

See also

Web links

Individual evidence

  1. ↑ Management | MIBRAG mbH In: mibrag.de , accessed on July 12, 2019.
  2. ↑ https://www.mibrag.de/de-de/presse/news/2019/aufsichtsrat - accessed on September 24, 2019
  3. ↑ E.ON gets a new partner . In: Wirtschaftswoche . July 17, 2012 ( HTML [accessed September 24, 2013]).
  4. ↑ EPH's statement on the acquisition of a 50% stake in MIBRAG from ČEZ. Press releases. Energetický a Průmyslový Holding , July 28, 2011, accessed on November 30, 2015 .
  5. ^ The Süddeutsche Zeitung, annoyance at the open pit edge , November 4, 2015.
  6. ↑ FAZ, Gabriel is now putting electricity on the market , September 9, 2015.
  7. ^ FAZ, partial exit from lignite sealed , October 24, 2015.
  8. ↑ Federal Ministry for Economic Affairs and Energy, agreement between the Federal Government of the Federal Republic of Germany and MIBRAG ( Memento of December 8, 2015 in the Internet Archive ) (PDF), contract for the transfer of lignite-fired power plant units to security standby from November 2, 2015.
  9. ↑ MDR, concerns about climate protection levy: New Mibrag coal-fired power plant Profen is on hold ( memento of December 12, 2015 in the Internet Archive ), April 24, 2015.
  10. ↑ a b Lignite: Vattenfall buyer reduces provisions. Melting reserves. ( Memento from May 27, 2016 in the Internet Archive ) In: greenpeace.de , May 20, 2016.
  11. ↑ a b Stefan Schröter: Mibrag's late business report shows strong capital outflow. In: stefanschroeter.com , July 23, 2015
  12. ↑ Experience in setting up and managing a 4D GIS at MIBRAG mbH (PDF) p. 5.
  13. ↑ MIBRAG: MIBRAG facts & figures. Archived from the original on December 10, 2015 ; accessed on March 12, 2019 .
  14. ↑ Annual financial statements 2012 ( Memento from January 9, 2014 in the Internet Archive )
  15. ↑ Annual Report 2009 ( Memento from January 9, 2014 in the Internet Archive )
  16. ↑ Facts and Figures 2012 ( Memento from January 9, 2014 in the Internet Archive )
  17. ↑ Mibrag delays publication of the balance sheet. , July 27, 2015.
  18. ↑ Energy Brainpool: Effect of an EEG apportionment on the power plant's own consumption. ( Memento of December 8, 2015 in the Internet Archive ) (PDF) p. 9 ff, April 11, 2014.
  19. ^ Marc Chmielewski: Helmstedter Revier sold. Buschhaus remains on the grid. In: Braunschweiger Zeitung. September 18, 2013, accessed October 9, 2013 .