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VSE a.s. 19.04.23 Page 1
Východoslovenská energetika a.s.
We invest in the region
Košice, October 19, 2010
VSE a.s. 19.04.23 Page 2
Agenda
A. RWE presence and position in Slovakia VSE Presence of RWE in Europe and Slovakia Key data about VSE
B. Grid investments Investments into grid infrastructure and connection of new
customers
C. Significant grid projects New dispatch centre put into operation New grid infrastructure in Prešov and Kosice Strengthening of HV corridor „West - East“ Complex modernization of TSO/DSO substations in Lemešany
and Voľa
VSE a.s. 19.04.23 Page 3
VSE – a stable partner with long-time experience
> Východoslovenská energetika a.s. (VSE) is an energy company providing comprehensive services related to electricity consumption
> We have been active on the market for more than 80 years providing our services approximately to 500,000 customers – households, companies and organisations
> We are the 6th largest employer in eastern Slovakia*
*Source: Trend TOP 200 non-financial companies according to data 2009, July 2010
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Strong background of RWE Group
> We are part of RWE Group which is one of five largest energy groups in Europe
> RWE is active in production, distribution and energy sales in Germany, Great Britain, the Netherlands and Central Europe
> To RWE customers belong more than 16 million electricity customers and 8 million gas customers
> RWE turnover for 2009 was eur 47 billion Data for 2009
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RWE in Europe
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Presence of RWE in Slovakia
Renewable
Electricity Sales / Grid
Services Gas Sales IT Services
RWE
RWE Gas SK(100%)
RWE IT Slovakia(100%)
VSE(49%)
Electricity Distribution
VSD
IT Services
RWE Innogy (100%)
Activities in the area of
energy generation
from biomass
Voice Services
VSE Call Centrum
VSE Ekoenergia
VSE IT služby
Turnover 2009€ 540 mil.
average number of employees 20091,550
Turnover 2009€ 50 mil.
150employees
Turnover 2009€ 11 mil.
3rd place on the Slovak market2nd place on the Slovak
market
Turnover 2009: € 780 mil. average number of employees 2009: 1,700
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Basic information about VSE
Electricity distribution ~ 4 TWh
Points of supply ~ 603,500
Total revenues ~ EUR 535 mil.€
Profit after tax ~ EUR 75 mil.€
Investments ~ EUR 46 mil.€
Average number of employees 1,550
Note: Consolidated data stated for VSE Group for 2009
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VSE has tripled its investments since entry of RWE to ensure stability, reliability and quality of the grid
Development of the region – e.g. ~ 10ths. new connections every year
Higher security of supply, also due to asset optimization, automation and centralization of dispatching
Key achievements
Current amount of investments need to be kept to ensure improvement of grid reliability and safety Stable political and regulatory framework as precondition Right incentives – guaranteed return on investment
Quality of distribution still behind EU standard
Key challenges
… significantly supporting development of Eastern Slovakia
Development of grid investments
0
10
20
30
40
50
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 E
mil. EUR
Additionally, productivity of own construction works increased, and
price of materials and supplies decreased due to transparent
procurement.
Period of underinvestment before RWE entry
Entry of RWE
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7%
100%
35%
58%
GesamteInvestitionen
Erneuerung Kundenanschlüsse AndereMarktpartner
At present, majority of investments have been targeted into grid renewal and connecting customers into the distribution system
Systematic replacement of obsolete production
facilities
Industrial parks and LV
customers
SEPS and SE, the future
decentralized power plants
Total investments into
grid
Renewal Connecting customers
Other partners in the market
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Renewal of the grid assets was not carried out systematically in the past> The systematic maintenance and renewal of
grid assets was neglected in the past
> Systematic replacement since 2003
> Keeping systematic records of the asset conditions of production facilities, on grounds of which an optimum renewal strategy in the future shall be possible
> This has been extended by the asset simulations which forecast the behavior of the grid in the ageing process and the process of failures
> CAPEX in 2010: ~ EUR 25 Mil.
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Despite the economic and financial crisis in 2009, several customers asked for new connections to the grid
> A new MV connection was provided to 91 large customers – however, a significant slowdown was registered in the development of industrial parks
> In the LV grid there were created ~ 8.700 new connections:
– 1.480 for business customers
– 7.230 for households
Košice
Michalovce
Investments into new connections total EUR 14.5 Mil.
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Central Dispatch Centre has launched its operations on November 1, 2009
> Renewal of obsolete technology
> At the same time, 5 former dispatch centers have been centralized into one central dispatch with a significant positive impact on operational efficiency
> Technical interconnection between SCADA, the GIS/NIS and the Grid calculation software
> Timing: 2006 - 2009
> Investment: ~ EUR 3.6 Mil.
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> The large industrial customer Kronospan, as well as connection of the Industrial Park Grófske have requested the construction of a third electrical HV substation in Prešov
> Connection to the 110 kV line Bardejov – Prešov I, of 6 km length
> Timing: 12/2008 – 11/2009
> Investment: ~ EUR 5.3 Mil.
A third HV substation has been constructed in Prešov last year
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Just ongoing construction of the fourth HV substation in Košice ...
> Increasing requirements for electricity consumption in Košice agglomeration
> Connection of new electricity sources
> Securing electricity supply and distribution for the industry park in the area of Pereš - airport
> Timing: 03/2010 – 07/2011
> Investment: ~ EUR 6.3 Mil.
VSE a.s. 19.04.23 Page 15
TSO/DSO substation Lemešany
Strengthening and complex renewal of the HV corridor Lemešany - Voľa
TSO/DSO substation Lemešany
In 2009, the strengthening of the HV corridor „West - East“ Lemešany – Voľa was finished
A
B
C
A
B
C
Investments: ~ EUR 6.5 Mil.
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Complex and robust modernization of 110kV technology at TSO/DSO substation Lemešany> Strategic decision in relation to the
decision of decommission (liquidation) of the 220 kV system taken by TSO and supported by the State energy policy
> Systematic transformation change from 220 kV to 400 / 110kV and modernization of the 110 kV technology, which leads to the increase of distribution reliability and security
> The biggest and the most significant electrical station in distribution grid in Eastern part of Slovakia
> Timing: 2006 - 2009
> Investments: ~ EUR 10 Mil.
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Complex and robust modernization of 110kV technology at TSO/DSO substation Voľa
> Strategic decision in relation to the decision of decommission (liquidation) of the 220 kV system taken by TSO and State energy policy
> Fulfill the output requirements for distribution reserved capacity / electricity supply for the new customer SSM (steel mill factory)
> The reconstruction of the 400 kV system of the TSO requires a complete reconstruction of the 110 kV substation technology
> Timing: 2009 – 2013
> Investments: ~ EUR 10 mil.
VSE a.s. 19.04.23 Page 18
THANK YOU FOR YOUR ATTENTION.