Deloitte appointed trustee of Elsam's sale of virtual capacity
December 21, 2004
As from today The Danish Competition Authority and Elsam have ap-pointed Deloitte as the trustee of Elsam's sale of 600 MW virtual ca-pacity. Deloitte has previously handled similar tasks on behalf of the competition authorities as the trustee of the sale of virtual capacity of electricity companies.
In connection with the merger with Nesa, Elsam had to surrender a number of undertakings. One of the commitments relates to the sale of 600 MW virtual capacity. Buyers can bid for the right to use capacity for a certain period via auctions (3 months, 12 months and 36 months). Further information about virtual capacity can be studied on www.ks.dk and www.elsamkraft.dk.
The task of the trustee is to inspect that Elsam fulfils its obligations regarding the sale of 600 MW virtual capacity.
There has been a number of qualified candidates for the task as trus-tee. Elsam has received 7 offers in total from Danish as well as Scan-dinavian and international parties. Even though there have been a lot of attractive offers, The Danish Competition Authority and Elsam have agreed that Deloitte will be the most suitable choice for handling the task as a trustee.
The competences included in the consortium which Deloitte has se-lected for the task were among the reasons for choosing Deloitte as the trustee. The Scandinavian power exchange Nord Pool is also part of the consortium.
Questions relating to the press release can be directed to:
The Danish Competition Authority:
Jacob Schaumburg-Müller, head of department, + 45 72 26 81 45
or managing consultant Carsten Smidt +45 72 26 81 73.
Elsam:
Director of Planning and Trade Leif Winum, +45 76 22 23 10.