DONG Energy invests in Studstrup power station

DONG Energy A/S  / Miscellaneous

10.05.2012 08:00

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In cooperation with AffaldVarme Aarhus, which is part of Aarhus Municipality's
Technical Services and Environment, DONG Energy has decided to extend the
service life of Unit 3 of Studstrup power station in Aarhus, so that the plant
can continue in operation in the period to 2030. The total cost of the
investment in the service life extension is approx. DKK 550 million, 50% of
which will be borne by AffaldVarme Aarhus. 

The investment is part of DONG Energy's strategy to convert its central power
stations to biomass. The specific investment in Studstrup power station will
enable the plant to continue to supply heat to Aarhus and the surrounding area
and will prepare it for incorporation in a subsequent biomass conversion. The
power station unit includes a number of components that have reached the end of
their service lives after almost 30 years' operation and therefore either need
to be replaced or refurbished to ensure that Studstrup power station can
continue in operation. 

'It is our vision to generate reliable and CO2-neutral energy. As part of our
strategy, we want to maintain and strengthen our position as the leading
supplier of green heat to the large cities in Denmark, and the continued
operation and development of Studstrup power station is a key part of this
vision. Extending the service life of this unit will allow to secure the future
heat supply in the Aarhus area, and we look forward to continued good
cooperation with our heat customers in the Aarhus area,' says Thomas Dalsgaard,
Executive Vice President of DONG Energy. 

The service life extension is expected to be completed at the end of 2013.

The information provided in this announcement does not change the previous
financial guidance for the 2012 financial year or the expected investment
level. 


For further information, please contact:

Media Relations
Ulrik Froehlke
+45 9955 9560

Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750


DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 6,000 employees and generated DKK 57 billion (EUR 7.6
billion) in revenue in 2011. For further information, see www.dongenergy.com

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Language:           English
Company:            DONG Energy A/S
                    
                     
                    Dänemark
Phone:              
Fax:                
E-mail:             
Internet:           
ISIN:               XS0253170335
Category Code:      MSC
LSE Ticker:         65XG
Sequence Number:    1084
Time of Receipt:    May 10, 2012 08:00:40
 
End of Announcement                             DGAP News-Service
 
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