ERG : Thermal power plant off the balance sheet, second time lucky
>The second attempt should be a success - ERG yesterday announced that its subsidiary ERG Power Generation had concluded a disposal agreement with Achernar Assets AG, a Swiss investment holding company, for the entire share capital of ERG Power which owns the combined cycle gas turbine (CCGT) at Priolo Gargallo with a low environmental impact and high yields, located in the Syracuse region. It has an installed capacity of 480 MW and average annual production of around...ERG is engaged in the generation of energy from renewable sources and from thermoelectric plants, in the marketing of electricity, steam and gas, in the refining, marketing and distribution of petroleum products both in Italy and abroad. Co., also through its own subsidiaries and joint ventures with primary international operators, operates in the following segments: renewable energy sources, under which Co. operates through its ERG Renew S.p.A. subsidiary in the wind power generation business; power and gas, which includes the production and marketing of electric energy, steam and gas; and refining and marketing, which includes the results of Coastal Refining and Integrated Downstream.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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