Wednesday, June 6, 2018

Germany: Regular Operations at Landau and Taufkirchen Geothermal Power Stations to Begin Soon

DGAP-News: Daldrup & Söhne AG increases EBIT by 20% during the 2017 fiscal year as total output rises by 9% (Markets Insider)

The 2017 fiscal year for Daldrup & Söhne AG was characterized by a very good order situation for all four business divisions. Furthermore, the trial operation for starting power production at the geothermal power plant in Landau was successfully started.

For the first time ever, the forecast also include sales of EUR 5 million and an EBIT contribution of around EUR 1 million from the geothermal power plants in Landau and Taufkirchen (both in Germany).

Regular operations at geothermal power plants in Landau and Taufkirchen are projected to start in 2018. Trial operations at the Landau power station started during the fourth quarter of 2017. The productivity rate has been highly satisfactory so far. The formal transition to regular operations should be possible shortly, during the current financial year.

With the Taufkirchen and Landau power plants the first significant milestones in the transformation of business activities from a drilling services provider to an independent medium-sized energy provider has been realized. 

From the Global Geothermal News archives: