Austrian rail firm on the risk management fast track
Austria’s largest electricity consumer, rail firm Österreichische Bundesbahnen, talks to EPRM about its energy risk management strategy. And, as Paul Lyon discovers, other end-users could learn from the innovative company
Rail companies have something of a reputation for being old fashioned and financially inept – in the UK at least. The UK’s Railtrack, for example, famously went into administration in October 2001, emerging a year later as a new ‘not-for-dividend’ business, Network Rail, operating with the help of £21 billion ($33 billion) in loans and grants. Its shadow still casts a cloud over the UK rail business, and investors are cautious about plowing money into the problem-laden sector.
However
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