Aare-Tessin Ltd. for Electricity (Atel) and SBB AG have plans to build a new pumped storage power station near lake Emosson, between Martigny and Chamonix. The projected 600 MW facility is currently on the drawing board. Atel is pleased to have been able to recruit Eric Wuilloud to head up the work: 50 years old and with a doctorate in physics, for the past seven years he has been managing director of FMV. Eric Wuilloud will take up his position in the course of this year.
The new power station represents an investment of around CHF 700 million. The entire facility will take shape underground at 1800 metres altitude. Project partners Atel and SBB plan to generate electricity from water between two existing reservoirs, Lac d’Emosson and Vieux Emosson. The final construction go-ahead is not expected before late 2007.
Aare-Tessin Ltd. for Electricity Corporate Communications
Aare-Tessin Ltd. for Electricity (Atel)
Aare-Tessin Ltd. for Electricity (Atel) is the leading production-based energy service provider in Switzerland and operates at a pan-European level. Founded in 1894, Atel focuses on the two core businesses of production-based Energy Trading and Energy Services. The group of companies, domiciled in Olten, employs a staff of around 8400 and generated a turnover of CHF 8.6 billion in 2005. Its main markets in the energy sector are Switzerland, Italy, Germany and the Central and Eastern European countries. Its goods and services range from portfolio management and group energy supplies, to energy derivatives and option contracts, to establishing distribution concepts involving other partners. Trading and distribution are supported by a number of proprietary hydraulic and thermal power stations plus a broadly ramified transmission grid. With its Energy Services Division, Atel provides all technical services pertaining to energy (electricity, gas, oil and biomass) and its uses as power, lighting, cooling and heating, communication and security. Atel is among the leading providers of Energy Services in both Switzerland and Germany.