Tessenderlo Group NV (STU:TEZ)
€ 24.75 0.1 (0.41%) Market Cap: 1.56 Bil Enterprise Value: 1.62 Bil PE Ratio: 14.26 PB Ratio: 0.80 GF Score: 78/100
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Full Year 2020 Tessenderlo Group NV Earnings Call Transcript

Mar 25, 2021 / 02:00PM GMT
Release Date Price: €32.3
Operator

Hello, and welcome to the Tessenderlo Group 2020 Results Call. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions)

I will now hand you over to your host, Stefaan Haspeslagh, to begin today's call. Thank you.

Stefaan Haspeslagh;Unidentified
Tessenderlo Group NV - Executive Chairman, CFO & COO

Good afternoon or good morning to everyone. Welcome to our conference call in respect of full year '20 results.

We would like, as always, to start with some key events. One of the key events is in respect of T-Power, where we have started filing the relevant applications in order to participate to the Belgium capacity remuneration mechanism in respect of the construction of the second gas-fired power station in Tessenderlo, which is next to our existing gas-fired power station. The project is on track to deliver the required inputs and to participate to the CRM auction. If we are successful in this auction, then the plant should be operational by November 1, 2025.

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