Liechtenstein’s utility company Liechtensteinischen Kraftwerke (LKW) announced that it achieved total sales of 82.16 million Swiss francs last financial year, slightly below the 86.13 million francs in sales in 2016. Electricity sales last year increased by 1.6 per cent to 402.7 kilowatt hours.
At 7.64 million francs, the annual profit for 2017 was similar to 2016’s results, when LKW reported a profit of 7.77 million francs. The Principality of Liechtenstein is entitled to 2.3 million francs of the 2017 profits. LKW focused last year on expanding its fibre-optic network, 90 per cent of which is expected to be completed by 2022. LKW is investing around 32 million francs to achieve this.
Its electricity network, in contrast, has now reached a level where “no major investments” are required in the near future to expand the high and medium voltage grid, according to a statement. Despite this, the utility aims to “tap into renewable energy sources in Liechtenstein where possible and further optimize domestic production capacity”. LKW also intends to further expand its services in the area of energy efficiency.