Investments
Capital expenditure rose by EUR 23.5m, or 6.3%, to EUR 396.3m in 2013/14. Supply security represented the focal point of investments, whereby EUR 135.4 and EUR 38.6m, respectively, were invested in the electricity and natural gas networks in Lower Austria. In the electricity network the expansion of the 110 kV power lines can be highlighted, while in the natural gas network the main investments focused on the completion of the Westschiene natural gas transport pipeline.
In the Generation Segment, the focal point of investments was on the expansion of windpower capacity in Lower Austria. Most of the investments in the thermal power plants were attributable to the completion of the Duisburg-Walsum coal-fired power plant.
The volume of investments in the Energy Trade and Supply Segment was slightly higher than the previous year, chiefly due to the further expansion of the district heating network and the construction of biomass heating plants.
Structure of investments
Investments in South Eastern Europe declined year-on-year, above all in Bulgaria. In Croatia, work continued to expand natural gas supplies along the Dalmatian coast.
In the Environmental Services Segment, investments focused, above all, on water supplies in Lower Austria and on wastewater disposal.
The following chart provides an overview of the most important investments.
| Investment priorities at EVN2) | 2013/14 EURm | 2012/131) EURm | Change EURm
in %
| |
| Generation | 84.1 | 68.7 | 15.4 | 22.4 |
| thereof thermal power stations | 36.1 | 22.8 | 13.4 | 58.6 |
| thereof renewable energy Lower Austria | 47.6 | 45.0 | 2.5 | 5.6 |
| thereof renewable energy South Eastern Europe | 0.0 | 0.1 | -0.1 | -80.5 |
| Energy Trade and Supply | 32.3 | 30.0 | 2.3 | 7.6 |
| thereof district heating plants | 30.7 | 29.1 | 1.6 | 5.4 |
| Network Infrastructure Austria | 186.8 | 176.4 | 10.4 | 5.9 |
| thereof electricity networks | 135.4 | 99.5 | 35.9 | 36.1 |
| thereof natural gas networks | 38.6 | 65.1 | -26.5 | -40.7 |
| thereof cable TV and telecommunications networks | 11.8 | 9.9 | 1.9 | 19.1 |
| Energy Supply South East Europe | 77.5 | 82.4 | -5.0 | -6.0 |
| Environmental Services | 13.3 | 11.9 | 1.4 | 11.5 |
| thereof combined cycle heat and power plants in Moscow | 1.9 | 5.2 | -3.3 | -63.1 |
| thereof supra-regional power lines, local networks and wastewater | 9.4 | 5.3 | 4.2 | 78.6 |
| Strategic Investments and Other Business | 2.5 | 3.5 | -1.0 | -29.8 |
| Total | 396.3 | 372.9 | 23.5 | 6.3 |
| 1) The figures for the prior year were adjusted retrospectively according to IAS 8 (see note 2. Reporting according to IFRS). 2) After consolidation | ||||
