is fully owned by Elia and is responsible for all engineering activities, while Elia Re is Elia’s reinsurance company.
Elia Grid International (EGI)
is a 50/50 joint venture between Elia System Operator NV and 50Hertz Transmission GmbH.
Elia holds shares in:
- HGRT (holding des gestionnaires de réseau de transport), a shareholder in the French-based European power exchange EPEX Spot SE;
- Coreso, the first joint regional technical coordination centre, shared by nine European transmission system operators;
- JAO, a joint service company of twenty Transmission System Operators from seventeen countries, responsible for the yearly, monthly and daily auctions of transmission rights on 27 borders in Europe.
Elia has a 80% stake in Eurogrid, which was set up in 2010 to acquire German grid operator 50Hertz. The remaining 20% is held by the German state-owned Bank Kreditanstalt für Wiederaufbau (« KfW »)
50Hertz owns the whole of the subsidiary 50Hertz Offshore, which is responsible for offshore grid development in its area of activity.