Mr. Höhener: EGL was founded in 1956, basically to trade energy in Europe between the monopolies that existed at that time. Each year the company also developed its own assets in the form of hydropower plants in the Swiss mountains and later in the form of one nuclear plant in the populated area of Switzerland. With the opening of the European market to the second half of the 1990s, EGL naturally enhanced its trading business and introduced several new products and processes for energy trading. The Company is currently focused on developing and building on this portfolio, expanding further into the markets by continuing its local approach, by investing in further physical assets in some key markets, and by developing into the mid-stream gas business.
TWST: Who are the major customers now?
Mr. Höhener: It depends very much on the individual markets, but basically you could say it is all parties involved into distributing power in the various countries in Europe. It is also of course counterparties, because one day they can be your partners and customers, the next day your competitors.
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