Amprion’s grid investments exceed €500m

16.06.2016

TSC member Amprion, one of the four German transmission system operators (TSOs), held its annual press conference on 15 June 2016 in Frankfurt am Main, Germany. The TSO looked back on the previous fiscal year and gave predictions for the current year.

Amprion’s Chief Commercial and Financial Officer, Dr. Hans-Jürgen Brick, commented on the situation of grid developement in Germany: “Last year, the legislature has laid down the tracks for the network expansion. The task now is to implement the projects quickly and citizen-friendly.” Already by now the company’s progresses regarding grid expansion are notable. This applies not only to flagship projects like the direct current line “Ultranet”, which Amprion jointly develops with further TSC member TransnetBW, but also to many other less prominent but equally important line constructions. Chief Technical Officer Dr. Klaus Kleinekorte referred to more than 300 line and plant construction projects in 2015. This led to an increase of Amprion’s investments in the electricity grid to a total amount of €474m in the respective year. In 2016 the TSO plans to outnumber last year’s record level by investing €550m. In doing so, Amprion relies on innovative technology, transparency and citizen participation: In 2015 the company informed the public about construction projects at more than 500 events.

Dr. Hans-Jürgen Brick appraised Amprion’s power lines as “life lines of the national economy”. In 2015 Amprion’s high-voltage grid –with a total length of 11,000 km – distributed around 190 terawatt-hours of electricity. Also in economic terms the last year was a success for Amprion. With €11.9bn the revenues reached a new record high and profits increased by 14 percent to €171m, partially favoured by law and tax-related one-time effects. “On balance we have a stable earnings level”, concluded Brick.

> See Amprion press release, in German (html)

Picture: Amprion
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Amprion’s grid investments exceed €500m