Fieldwork is expected to continue until late September 2005, with trucks transporting bore rods and drilling gear to the site.
The bores are located within the catchment basin of the Emosson power station and have been commissioned by Aare-Tessin Ltd. for Electricity (Atel) in Olten, which owns 50% of the share capital in Kraftwerke Emosson SA. Atel plans to form a consortium with other interested parties in regard to possible expansion of the power station.
The Lac d’Emosson and Lac du Vieux Emosson reservoirs lie 1930 and 2200 metres respectively above sea level between Martigny and Chamonix, directly on the French-Swiss border.
Aare-Tessin Ltd. for Electricity Corporate Communications
Aare-Tessin Ltd. for Electricity (Atel)
Aare-Tessin Ltd. for Electricity (Atel), Switzerland’s leading Energy Services provider, is active throughout Europe. Established in 1894, Atel now focuses on two core businesses: Energy Trading and Energy Services. The Olten-based Group, which employs approximately 7800 people, generated sales of 7 billion francs in 2004. Its principal markets in the Energy segment are Switzerland, Italy, Germany and the countries of central and eastern Europe. Products and services cover an extremely wide range: portfolio management, group energy supplies, energy derivatives and option contracts, distribution partnerships. Trading and distribution are supported by the Group’s own hydro and thermal power stations, and by an extensive transmission grid. In the Energy Services segment Atel provides a full range of technical services relating to all aspects of energy (electricity, gas, oil, biomass) and their applications: power, light, cooling and heating, communication and security. Atel is among the leading providers of Energy Services in both Switzerland and Germany.
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