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Ørsted divests Stigsnæs Power Station and Stigsnæs Transit Harbour

Denmark-headed energy utility major Ørsted has announced that it has signed an agreement with the Danish consortium Stigsnæs Industripark A/S according to which the consortium acquires Stigsnæs Power Station and Stigsnæs Transit Harbour near Skælskør in Denmark. The transaction, which also includes the Stigsnæs coal terminal, is subject to approval by the Danish authorities and is expected to be fully completed by the end of 2019.

Although Stigsnæs Power Station was decommissioned by Ørsted in December 2012, Stigsnæs Transit Harbour is currently used as a coal transit harbour for Ørsted, but can also handle biomass. Ørsted has agreed to divest both facilities to Stigsnæs Industripark, a consortium of local businesses that plan to redevelop the industrial site (photo courtesy Ørsted).

The consortium Stigsnæs Industripark A/S, which is acquiring Stigsnæs Power Station and Stigsnæs Transit Harbour, was founded by four companies – Rimeco Aktieselskab, Aabenraa, Kloster A/S, Løsning, HM Entreprenør A/S, Horsens, and P. Olesen & Sønner A/S, Hovedgård – and bring extensive experience within demolition, refinement of by-products, transport, and the contracting industry.

We’re pleased with having found Stigsnæs Industripark A/S as a new and solid owner of Stigsnæs Power Station and Stigsnæs Transit Harbour. The power station has been closed since 2012, so currently, we primarily use the area as a coal transit harbour. However, having decided that from 2023 Ørsted will no longer use coal as fuel, it makes perfect sense to free up these areas and allow for new development here, said  Thomas Dalsgaard, Executive Vice President and CEO of Bioenergy at Ørsted.

According to the agreement and subject to approval from relevant Danish authorities, Stigsnæs Industripark A/S takes over the obligation of cleaning up the area and plan to remove the existing power station buildings with a view to developing the area.

Rimeco Aktieselskab – one of the companies in the consortium – has previously acquired the Ensted Power Station near Aabenraa in the southern part of Jutland from Ørsted and is currently removing the buildings and developing the area.

We’ve been interested in Stigsnæs Power Station for some years. The demolition and recycling potential of the power station is huge, and Stigsnæs Transit Harbour is one of the deepest in Europe, offering great potential for developing and operating the harbour. The partners included in the consortium have unique competences within the areas needed for this task. So we’re looking forward to getting started, said Klaus Peter Riggelsen, CEO of Rimeco.

Mads Kloster, CEO of Kloster A/S and has vast experience within the transport and stevedoring services, remarked on the unique characteristics of the Stigsnæs harbour.

If you want to operate a harbour in Denmark, Stigsnæs Power Station is very high on your wish list. The harbour has a unique location on the charts and its depth and large hinterland offer great opportunities for development and for attracting customers from both Denmark and abroad. We’re looking forward to taking on the task, and we’re happy to be part of a consortium with several large and long-established Danish companies, each having unique knowledge within their respective fields, said Mads Kloster.

The consortium states that it will involve the local community, including Slagelse Municipality, in the process to create as much activity in the area as possible. P. Olesen & Sønner A/S, which is Denmark’s largest demolition company, is also looking forward to the task.

Demolition of large industrial plants like Stigsnæs Power Station is one of our key competences, and when we were given not only the demolition task, but also the opportunity of joining a consortium which will develop and operate the harbour, we immediately accepted. We’re looking forward to working with our new partners, said Peter Olesen.

The fourth partner of the consortium is HM Entreprenør A/S, which is one of Denmark’s largest construction companies with many tasks on Zealand already.

We’re always looking for interesting tasks, especially projects that involve more than just construction work. When we were asked to join this project as a partner, we immediately accepted. The work in the consortium has been very efficient, with a short way from thought to action. This suits us well, so we’re looking forward to the future. The hinterland of the harbour is extensive and will accommodate many new companies, said CEO Michael Mortensen.

The financial terms of the agreement have not been disclosed

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