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Joining Forces

Joining Forces. Europe's first cross-border Transmission System Operator. J.M. Kroon MBA, CEO TenneT Holding. Düsseldorf, 10 November 2009. Europe's first cross-border TSO Major step towards integrated European market. “Joining Forces”. Benefits of joining forces.

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Joining Forces

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  1. Joining Forces Europe's first cross-border Transmission System Operator J.M. Kroon MBA, CEO TenneT Holding Düsseldorf, 10 November 2009

  2. Europe's first cross-border TSO • Major step towards integrated European market

  3. “Joining Forces”

  4. Benefits of joining forces • Societal benefits as a result of price development • Greater security of supply • Greater opportunities for sustainable development

  5. Societal benefits as a result of price development • Towards a 'level playing field' • Greater price stability • Cost savings thanks to synergy effects

  6. Greater security of supply • More effective maintenance of energy balance • Working together on grid security • Stronger position in European market

  7. Greater opportunities for sustainable development • Coordination of wind energy • Pooling knowledge on offshore projects • Investing jointly in a sustainable Europe

  8. Transaction & financing • Approval from shareholder (Dutch Ministry of Finance) • Support from Dutch Minister of Economic Affairs • Transaction value of company: EUR 885 million • Committed loan from ING/RBS • Transfer with effect from January 2010

  9. TenneT & transpowerJoining Forces • TenneT transpower • Balance sheet total (2008) EUR 5 billion • Revenue (2008) EUR 1.2 billion • EBITDA (2008) EUR 282 million • No. of staff 1340

  10. TenneT & transpowerJoining Forces • TenneT transpower • Circuit length 19,100 km • No. of substations 368 • Conn. production capacity 82,000 MW • Wind power 9,800 MW • Head office Arnhem Bayreuth • Control Centres Arnhem Lehrte • Ede Bamberg

  11. Organizational structure No impact oneach other's tariffs

  12. Thank you foryour attention

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