• Austria edition
 
Verbund shuts five power plants
A power plant at Neudorf-Werndorf that is being closed. Photo: APA

Verbund shuts five power plants

Published: 14 May 2014 15:22 GMT+02:00
Updated: 14 May 2014 15:22 GMT+02:00

 

The company said it would temporarily decommission several combined cycle gas-fired power plants in Austria and France, including the 848-megawatt Mellach power station that was commissioned only three years ago.

Additionally, a coal-fired power plant in Dürnrohr and an oil-fueled plant in Styria will be closed, the company added.

The reason for the closures is the "massive disruption in the European electricity market" and "sector-wide economic pressures", Verbund said. It hopes the restructuring will lead to "lasting economic improvements".

Some 100 workers are employed in the Austrian plants - 80 of those in Dürnrohr.

Verbund boss Wolfgang Anzengruber told the Austrian Press Agency that he thought around half of the affected employees could be redeployed in other parts of the business.

Gas power plants in Europe are currently generally unprofitable, and German energy companies have already announced closures for scores of power plants.

Across Europe subsidized renewable energies are making industrial-scale power plants less profitable.

Staff reporter (news@thelocal.com)

Don't miss...X
Left Right

Your comments about this article

Today's headlines
Burgenland 'under water' after severe storm
Flooded road in Neusiedl am See. Photo: APA/BFKDO

Burgenland 'under water' after severe storm

Austria's easternmost state of Burgenland was hit by severe flooding after violent thunderstorms and prolonged heavy rain on Wednesday night. READ  

Erste Bank quarterly losses exceeds €1 billion
Photo: APA (Neubauer)

Erste Bank quarterly losses exceeds €1 billion

In a briefing Thursday morning, Erste Bank chief Andreas Treichl announced that the expected losses for the second quarter of 2014 were reduced to only €1.033 billion. READ  

Health
Austrian biotech firm's Parkinson's vaccine
Michael J. Fox. Photo: Paul Hudson/Creative Commons

Austrian biotech firm's Parkinson's vaccine

An Austrian company has developed a potentially viable vaccine for early-stage Parkinson's disease. The treatment, which is designed to slow or even stop progression of the disease, has undergone a Phase I clinical trial, from which data will be released on Thursday in New York. READ  

More housing sought for asylum seekers
Mikl-Leitner and Klug discussing asylum arrangements. Photo: APA (Schlager)

More housing sought for asylum seekers

Interior Minister Johanna Mikl-Leitner of the conservative Austrian People's Party (ÖVP) says that existing quarters for asylum seekers will be extended and private quarters will be rented to house the flood of refugees coming into Austria. READ  

Trio abscond with 115 tons of stolen meat
Pork chops. Photo: Wikiphoto/Wikihow

Trio abscond with 115 tons of stolen meat

Three men have been arrested for a scheme whereby they regularly stole frozen pork, which was transported across a border for resale in Slovenia. READ  

Murder trial after brothel stabbing
The accused in court. Photo: APA/HERBERT PFARRHOFER

Murder trial after brothel stabbing

A punter who got into a fight with a prostitute in Vienna is on trial for attempted murder after stabbing a security guard at a brothel in Favoriten. READ  

Over 800 police deployed for right-wing march
Police at the right-wing march in May. Photo: APA/Pfarrhofer

Over 800 police deployed for right-wing march

Interior Minister Johanna Mikl-Leitner (ÖVP) has revealed that 878 police officers were deployed at a demonstration organised by a right-wing group called Die Identitaere Bewegung (The Identity Movement) in May. READ  

UN marks first day against human trafficking
Children's choir helps mark the UN day against modern slavery. Photo: Paul Gillingwater

UN marks first day against human trafficking

The United Nations in Vienna is marking the first World Day Against Trafficking in Persons with an event at the Vienna International Centre. READ  

43-year-old farm labourer killed by bull
Photo: APA (Archiv/dpa)

43-year-old farm labourer killed by bull

A 43-year-old worker on a farm in Mooshuben in Steiermark was found dead on Tuesday morning by two neighbours after he went to retrieve a bull which had broken out of its pasture. READ  

Conchita Wurst
Conchita: Every day is like a birthday
Conchita Wurst. Photo: APA/HANS KLAUS TECHT

Conchita: Every day is like a birthday

Two and a half months ago Austria’s bearded lady, Conchita Wurst, won the Eurovision Song Contest in Copenhagen. The Austrian Press Agency has spoken with the drag entertainer about her success, her plans to leave Austria one day, and her ideas for next year’s Song Contest. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
Pizzeria anarchists block traffic in street march
International
Centenary of Austria's declaration of war on Serbia
National
Eight cheap things to do in Vienna this summer
Features
'I came for a boy and stayed for the lifestyle'
Society
The Local's carnivore goes vegan
Gallery
The pop-up forest restaurant in Austria's most beautiful locations
Tech
Could robots end up doing more than half of the jobs in Austria?
Travel
Plans unveiled for bike trail along former Iron Curtain
International
Search on for Austrian WWI memorabilia
Politics
The former finance minister embroiled in a corruption scandal
Society
The best part of living abroad: 'Breaking down barriers'
Gallery
Vienna's Ukrainian community gathers to mourn crash victims
Culture
An American falls in love with Vienna's gelateria
National
The Ukrainians who protest every month outside the OSCE head office
Travel & Tourism
Where is the world's best wine list?
Travel & Tourism
Treat yourself to an Austrian spa experience
Travel & Tourism
Austrians love to get nude on the beach
Gallery
The week in pictures: July 6th - 12th
International
Pez sends supply of sweets to Norwegian boy with autism
Society
Is the free tabloid press killing quality journalism?
National
Austrian of the Week: Lena Hoschek
National
What Google Trends reveals about Austria
Society
Puppies in peril
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

251
jobs available