SOURCE: Business Review Europe

Business Review Europe

February 18, 2011 14:20 ET

Swedish Lunds Energikoncernen Targets More Success in Utility Market

SAN DIEGO, CA--(Marketwire - February 18, 2011) - Supplying energy to around 286,000 customers and employing approximately 400 people, Lunds Energikoncernen provides network operations, electricity sales, electricity production, district heating, district cooling, natural gas, communications networks, lighting and contract work and services. This company is featured in this month's Business Review Europe.

Via the holding company Kraftringen AB, Lunds Energikoncernen is owned by four municipalities in southern Sweden: Lund (82.4 percent), Eslöv (12 percent), Hörby (2.5 percent) and Lomma (2.1 percent).

The group, a public limited company owned by four municipalities, has no financial surety from the owners and is therefore seeking finance in the financial marketplace. Lunds Energikoncernen long-term rating was raised to BBB+ in 2010 by credit rating Company Standard & Poor with the short-term rating left unchanged at A-2. The rating increase had a positive effect on the company's certificate programme.

Headquartered in Lund in southern Sweden, the company operates in approximately 20 other municipalities from Stockholm to Ystad in south Sweden.

Certified to ISO 14001 in 1998, Lunds Energikoncernen aims to reduce the negative effect of its operations on the environment and in the long-term become a climate neutral company.

Lunds Energikoncernen has the intention of becoming the fourth largest utility company in Sweden and the leading utility company in southern Sweden by 2014.

Read the full report here.

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