Repower in the Bernina Pass

The Bernina Pass has always served as a bridge between North and South. People travel over the pass either by car or train, which has been declared a UNESCO world heritage site. And Repower has made it possible for electricity to make this same journey by laying a 380 kilovolt power line.


We expect 2011 to be a difficult and extremely challenging year for the industry and thus also for Repower. Market uncertainties will continue and prices will remain relatively low. We also don't yet anticipate a sustained recovery of the euro. And we don't expect there to be any short-term clarification of the regulatory requirements. The same holds true for energy policy for which a reliable framework is still lacking in many countries. Against this background, we assume EBIT and profit will close out lower at the end of 2011 than in 2010. It must also be borne in mind that the special effects brought about by the income from the sale of a property in Samedan and the aurax electro ag will also be eliminated in 2011.

The current difficult conditions show, on the other hand, that we are well-positioned for the future with our strategy of clearly concentrating on selected key markets and consistently relying on our expertise as an integrated energy company.