Former type Public Defunct 2009 Founded 27 March 1928 Number of employees 500 Parent organization Enovos | Successor Creos Luxembourg SA Area served Luxembourg Revenue 331.2 million EUR Ceased operations 2009 | |
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Industry Electricity distribution Key people Roland Michel, Chairman
Romain Becker, CEO Headquarters Esch-sur-Alzette, Luxembourg Subsidiaries Leo S.A., Luxenergie S.A., Steinfort Energy S.A. | ||
Cegedel S.A. (until 17 May 1997 the Compagnie Grand-Ducale d'Électricité du Luxembourg (English: Grand Ducal Electricity Company of Luxembourg)), was a Luxembourg company that distributed electricity. It operated under a concession written into the law under which it was formed, and distributed 70% of the electricity used in the country, amounting to 6,616 GWh.
The Government of Luxembourg owned one-third of the company, which made it the largest single shareholder, followed by the 30.4% stake held by Luxempart-Energie, with smaller stakes held by SNCI (12%) and Electrabel (8%). Shares of the company were listed on the Luxembourg Stock Exchange, of which it was one of the ten (and one of the seven Luxembourg-based) members of the main index, the LuxX Index
As a result of the European Union policy of liberalization of the energy market, Enovos Gruppe acquired Cegedel SA along with Soteg SA, the gas distributor, in 2009, and created a Luxembourg subsidiary, Creos Luxembourg SA to distribute both gas and electricity.