Elia stresses “good increase in energy transition” in first half of 2017
Share article:
Share article:

Elia stresses “good increase in energy transition” in first half of 2017

© Belga
The net profit increase may be partially explained by the strategic investments and the increased contributions to connect customers in Belgium (up by 46.3%).
© Belga

Elia recorded a net profit increase of 31.1%, taking it to €111 million in the first half of 2017. The extra-high voltage grid operator announced this on Friday. Comprised of Elia in Belgium and 50Hertz in Germany, the power system benefits from 30 million end users in the two countries.

The communiqué stresses, “The Elia group thus continues to invest in significant development projects enabling the integration of vast quantities of renewable energy. It favours the implementation of an integrated electrical network on a European scale to better sustain security of supply.”

The increase in net profits may be explained by the generation of strategic investments and the increased contributions to connect customers in Belgium (up by 46.3%), as well as a sound operating performance in Germany (up by 16.8%).

Earnings before tax, interest, amortisation and depreciation also increased by 11.6% to €237.1 million.

Lastly, €192 million of investments in Belgium, and €97 million in Germany, were made “to secure greater continuous electricity supply, and to accommodate increased flows of renewable energy.”


The Brussels Times

Latest news

Belgian Health Minister wants pharmacists to administer vaccines
Federal Health Minister Frank Vandenbroucke has said he wants to change Belgium's law to allow pharmacists to administer Covid-19 vaccines against, ...
Ruined photos from flood victims restored for free
Much of what victims of this summer’s deadly flooding lost is irreplaceable, but when it comes to photographs that were ruined, a Brussels company is ...
New Belgian video game aims to help children who stutter
A new video game by Belgian-American start-up Say It Labs aims to teach children with a stutter various techniques to improve their speech.  ...
More than 1 in 4 Belgians use mobile phones whilst driving
A recent European study into the use of mobile phones whilst driving highlights some alarming results: 26% of Belgians read or send messages on their ...
Belgium in Brief: Memories Of Masks
Belgium's experts are concerned with the rising coronavirus figures. One possible solution could be that, once again, masks are used more widely. ...
Museum Night Fever returns to Brussels on Saturday night
After a break last year, Museum Night Fever 2021 is back again with free visits to 32 museums hosting performances, music and other events. The ...
More than €1.5 billion injected into SNCB
More than €1.5 billion in additional funding has been injected into the Belgian railways, Federal Mobility Minister Georges Gilkinet told the House ...
Non-vaccinated applicants no longer welcome at ZNA hospitals in Antwerp
The Antwerp hospital group ZNA is only taking on new employees who have been vaccinated against the coronavirus, according to reporting from VRT. ...
Pharmacies prepare to administer more rapid antigen tests
From November, anyone presenting coronavirus symptoms for less than six days will be able to take a rapid antigen test in a pharmacy, announced the ...
Chocolate, Christmas, and cocaine
Do you consider yourself a news buff? Someone constantly on top of what's going on? Then maybe you have what it takes to ace The Brussels Times ...
Introduction of Covid Safe Ticket leads more in Brussels to get vaccinated
The introduction of the Covid Safe Ticket (CST) in the Brussels-Capital Region on 15 October seems to have led to a higher number of residents ...
More and more testimonies, and a second rally against sexual violence in Brussels
A second rally against sexual violence was held in the Brussels neighbourhood of Ixelles on Thursday evening, and a sister-rally was held ...