natgillin/translations-raw huggingface dataset:
Step three would be to use natural gas transmitted in the future via the so-called GALSI pipeline connecting Algeria with Italy via Sardinia (the completion of which is expected not before 2009).
Za fazo 3 bo značilna uporaba zemeljskega plina, ki ga bodo v prihodnosti pošiljali preko t. i. priključnega plinovoda GASLI med Alžirijo in Italijo preko Sardinije (ne bo dokončan pred letom 2009).
As the construction schedule has not been decided upon, this step is hypothetical.
Ker načrt gradnje še ni izdelan, je ta faza le hipotetična.
This is also the case for the financing of this project which is estimated to require about EUR 250 million. On completion of this phase, Ottana Energia anticipates replacing the existing fuel-oil turbines and boilers with the construction of the new gas plant.
Enako velja za financiranje projekta, za katerega bi po nekaterih ocenah potrebovali približno 250 milijonov EUR. Takoj ko bo ta faza končana, namerava Ottana Energia namesto sedanjih turbin na kurilno olje in ogrevalnih kotlov zgraditi novo plinsko elektrarno.
However, vegetable oil will continue to be used at least throughout the twelve-year term of the green certificate, i.e. until the end of 2021 if it starts by the end of 2008.
Rastlinsko olje bodo vseeno uporabljali vsaj še naslednjih 12 let, do izteka veljavnosti zelenega certifikata ali do konca leta 2021, če ga začnejo uporabljati do konca leta 2008.
REASONS FOR OPENING
RAZLOGI ZA SPROŽITEV POSTOPKA
In the opening decision the Commission noted that the rescue aid has not been terminated.
V odločbi o začetku postopka je Komisija pripomnila, da pomoč za reševanje ni bila ustavljena.
The Commission decided therefore that the rescue aid was illegally maintained and considered itself obliged to open proceedings under point 27 of the guidelines on aid for rescue and restructuring of firms in difficulty [8].
Zato je odločila, da so državno pomoč ohranjali nezakonito, in menila, da je treba začeti postopek v smislu točke 27 Smernic Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah [8].
The Commission indicated that it did not see yet how the illegal prolongation of the rescue aid could be compatible restructuring aid as the restructuring plan lacked essential elements indicating how the company would restore long term viability.
Komisija je navedla, da ni jasno, kako je nezakonito podaljšanje pomoči za reševanje postalo združljiva pomoč za prestrukturiranje, glede na to, da načrt prestrukturiranja ni vseboval ključnih elementov, ki bi pokazali, da družba namerava vzpostaviti dolgoročno donosnost.
In particular it found no precise information had been submitted clarifying the restructuring strategy, indicating credible forecasts for the future performance of the company and supporting the existence of a significant own contribution and compensatory measures.
Natančneje, Komisija ni prejela točnih informacij, ki bi pojasnile strategijo prestrukturiranja, omogočile zanesljiva predvidevanja o rezultatih podjetja v prihodnosti ter potrdile pomemben lastni prispevek in izravnalne ukrepe.
To this end the Commission was enjoining Italy to answer several previously raised questions.
Zato je Komisija prosila Italijo, naj odgovori na številna navedena vprašanja.
Further, the Commission questioned whether a prolongation of the rescue aid for 12 years, as originally foreseen, is necessary.
Komisija se je še spraševala, ali je bilo podaljšanje pomoči za reševanje, ki je bilo najprej predvideno za 12 let, res potrebno.
This would put into question that the aid is limited to the strict minimum required.
Tako podaljšanje je vzbujalo dvome, ali je bila dodeljena najnižja potrebna pomoč.
Moreover information on own contribution seemed insufficient as the plan and the explanations by Italy merely indicate that the company will contribute to the restructuring from its own funds and, with external support from a new shareholder, without specifying in detail how these own funds are generated.
Tudi informacije o lastnem prispevku so bile nepopolne, saj je bilo v načrtu in pojasnilih Italije navedeno le, da bo družba prispevala za prestrukturiranje iz lastnih sredstev in z zunanjo pomočjo novega delničarja, brez natančnega pojasnila, kako so bila ta sredstva pridobljena.
Finally, the Commission could not see sufficient compensatory measures, as no such measures are indicated in the plan.
Končno, Komisija ni mogla ugotoviti zadovoljivih izravnalnih ukrepov, saj o načrtu prestrukturiranja ni dobila nobenih informacij.
COMMENTS FROM ITALY
PRIPOMBE, KI JIH JE PREDLOŽILA ITALIJA
In its submissions, Italy provided much more information on the restructuring plan.
V svojih pripombah je Italija predložila več informacij o načrtu prestrukturiranja.
In particular it presented:
Zlasti je predstavila:
a feasibility study underpinning the choice for the current strategy,
študijo izvedljivosti, ki podpira izbiro sedanje strategije,
a market study which indicates that there is no overcapacity in the energy market in Sardinia,
tržno raziskavo, ki ugotavlja, da na energetskem trgu Sardinije ni presežnih zmogljivosti,
information on the realisation of phase 1 and phase 2 as indicated in recital 0,
informacije o uresničitvi faze 1 in faze 2, kot je navedeno v uvodni izjavi 17,
information on the engagement of a new shareholder as well as on the financing of phase 2 as indicated in recital 0 and following,
informacije o zavezi novega delničarja ter o financiranju faze 2, kot je navedeno v uvodni izjavi 21 in naslednjih,
an update of the financial forecast of the company as indicated above in recital 25.
posodobitev finančnih ocen družbe, kot je navedeno v uvodni izjavi 25.
Italy puts forward the following compensatory measures:
Italija je predlagala naslednje izravnalne ukrepe:
divestiture of […] operations by the end of 2010 […]
odsvojitev oddelkov […] do konca leta 2010.
As regards the first issue Italy explains that Ottana Energia has changed de facto its reference market and, consequently, its competitors.
Kar zadeva prvo vprašanje, je Italija pojasnila, da je Ottana Energia dejansko zamenjala svoj referenčni trg in s tem tudi konkurenco.
These divisions are not strategic and could therefore be sold as a compensatory measure.
Ti oddelki niso strateškega pomena in bi jih torej lahko prodali v okviru izravnalnih ukrepov.
In addition, Italy ensures that Ottana commits not to produce more than 90 MW out of a total possible production capacity of 140 MW before the beginning of Phase 3, and in any event not before the beginning of 2012.
Poleg tega Italija zagotavlja, da si družba Ottana prizadeva, da ne bi proizvajala več kot 90 MW glede na predvideno skupno zmogljivost proizvodnje, ki bo pred začetkom faze 3 in tako pred začetkom leta 2012 140 MW.
Italy also committed that Ottana Energia will reimburse from 2009 to 2014 EUR 1 million each year and will not receive any other aid before the total reimbursement of the EUR 5 million received
Italija še zagotavlja, da bo Ottana Energia med letoma 2009 in 2014 vrnila po 1 milijon EUR na leto in da ne bo prejela drugih pomoči, dokler v celoti ne povrne prejetega zneska 5 milijonov EUR.
As already indicated in the Decision of 6 December, the measure constitutes State aid pursuant to Article 87(1) of the EC Treaty as it distorts or threatens to distort competition [10] by favouring Ottana Energia and in so far affects trade among Member States (see recitals 12 to 15) as it is unlikely that without the State guarantee Ottana Energia could have obtained the same loan conditions on the market.
Kot je opredeljeno v odločbi z dne 6. decembra, je ta ukrep državna pomoč v smislu člena 87(1) Pogodbe ES, saj izkrivlja ali grozi, da bo izkrivljala konkurenco [10], ker daje prednost družbi Ottana Energia in tako vpliva na izmenjavo med državami članicami (uvodne izjave 12–15), saj ni verjetno, da bi Ottana Energia brez državnega poroštva lahko dobila posojilo na trgu pod enakimi pogoji.
Given that the rescue aid has not been repaid on 8 January 2007, it became illegal rescue aid on 9 January 2007 (see recital 3).
Ker 8. januarja 2007 pomoč ni bila vrnjena, se od 9. januarja 2007 šteje za nezakonito, če se jo obravnava kot pomoč za reševanje (glej uvodno izjavo 3).
However, that does alone not suffice to constitute a misuse of the aid, but requires also that the aid is not compatible under Article 87(3) EC.
To dejstvo samo po sebi ne zadošča za prikazovanje nezdružljivosti pomoči, pomembno je še, da pomoč ni združljiva v smislu člena 87(3) Pogodbe ES.
That implies that the Commission has to assess the compatibility of such aid on all other possible grounds [11].
To pomeni, da mora Komisija oceniti združljivost zadevnega ukrepa na podlagi vseh drugih pomembnih razlogov [11].
However, point 20 of the guidelines limits the grounds to those stipulated under the guidelines.
V smislu točke 20 smernic so ti razlogi omejeni na tiste, ki so določeni v smernicah.
Consequently the illegal rescue aid may still qualify as restructuring aid.
Posledično se nezakonita pomoč za reševanje lahko ocenjuje kot pomoč za prestrukturiranje.
The Commission indicated in the opening decision that the aid must therefore meet the conditions of points 32 to 51 of the guidelines comprising the provision of a restructuring plan which restores long-term viability as well as that the aid is limited to the minimum and avoids undue distortions of competition.
Komisija je v odločbi o začetku postopka navedla, da mora pomoč zadostiti pogojem iz točk 32–51 smernic, zlasti tistim o predstavitvi načrta za prestrukturiranje, namenjenega dolgoročnemu povečanju donosnosti podjetja, in pogoju, da mora biti pomoč omejena na najnižji potrebni znesek in ne sme povzročati krivičnega izkrivljanja konkurence.
The opening decision had put this into doubt but the investigation confirmed that these conditions are met.
V odločbi o začetku postopka so bili izraženi dvomi o tej točki, toda med preiskavo se je izkazalo, da so bili omenjeni pogoji upoštevani.
First, the investigation confirmed that Ottana Energia is a company in difficulty.
Preiskava je predvsem potrdila, da je Ottana Energia družba v težavah.
The Commission acknowledges in the rescue decision that Ottana Energia is eligible for restructuring aid.
Komisija je v odločbi o reševanju priznala, da je Ottana Energia upravičena do pomoči za prestrukturiranje.
However in the opening decision it was wondering whether this changed since the company was able to obtain loans to finance its restructuring.
Vendar se je v isti odločbi spraševala, ali se je njen položaj spremenil, glede na to, da je družbi uspelo pridobiti posojila za prestrukturiranje.
The doubts could however be allayed, as Italy has substantiated that the loan was not provided only for the rescue phase but that Ottana Energia would not have sufficient funds to reimburse the aid during the restructuring period.
Takšni dvomi so bili odpravljeni, saj je Italija dokazala, da je bila pomoč dodeljena za fazo reševanja in da Ottana Energia ne bi imela dovolj sredstev za vračilo pomoči v času prestrukturiranja.
As it would generate significant revenues only in 2008, without the guarantee the banks would not have allowed Ottana Energia even to implement the first phase and so would have put Ottana Energia at the risk of insolvency in the sense of point 10(c) of the guidelines.
Glede na to, da naj bi ustvarila večje dohodke samo v letu 2008, banke družbi Ottana Energia brez poroštva ne bi dovolile uresničiti niti faze 1 in zato bi se Ottana Energia srečala s tveganjem plačilne nesposobnosti v smislu točke 10(c) smernic.
The investigation also confirmed that PC Holding, the owner of Ottana Energia, was not able to provide the necessary funds to restructure the company, so that eligibility is not questioned by point 13 of the guidelines.
Preiskava je potrdila še, da družba PC Holding, ki ima v lasti družbo Ottana Energia, ni mogla zagotoviti potrebnih sredstev za samostojno prestrukturiranje družbe, zaradi česar upravičenost do pomoči ni v nasprotju s točko 13 smernic.
Restructuring plan and restoration of viability
Načrt prestrukturiranja in izboljšanja donosnosti
The Commission in the opening of procedure questioned whether there existed a restructuring plan which would enable the company to restore long-term viability.
Komisija je ob začetku postopka dvomila o obstoju takega načrta prestrukturiranja, ki bi družbi lahko omogočil dolgoročno izboljšanje donosnosti.
Italy was in the meantime able to substantiate its restructuring project and to provide the missing elements to make up a credible plan.
Italiji je medtem uspelo podrobno razčleniti načrt prestrukturiranja in predložiti manjkajoče elemente, ki bi dokazali njegovo upravičenost.
The Commission acknowledges first that the restructuring plan is based on a feasibility study underpinning the choice for the current strategy (this existed already in 2006 but was simply not furnished to the Commission).
Komisija predvsem priznava, da načrt prestrukturiranja temelji na študiji izvedljivosti, ki opravičuje izbiro sedanje strategije (ta je bila opravljena že leta 2006, vendar ni bila predložena Komisiji).
Second, Italy explained that the realisation of phase 1 and phase 2 are complementary not alternatively as understood by the Commission initially (this would only be the case for phase 3 after 2020).
Drugič, Italija je pojasnila, da se faza 1 in faza 2 dopolnjujeta in nista dani na izbiro, kot je Komisija sprva razumela (enako naj bi veljalo za fazo 3 po letu 2020).
Third, Italy explained that the beneficiary had found a new shareholder in order to co-finance the second phase as indicated in recital 0.
Tretjič, Italija je pojasnila, da je upravičenec našel novega delničarja za sofinanciranje faze 2, kot izhaja iz uvodne izjave 21.
Finally, it was established that already phase 2 should enable the beneficiary to restore viability, and that the necessary authorisation for this project was on its way.
Nazadnje je bilo pojasnjeno, da bo že faza 2 upravičencu omogočila izboljšanje donosnosti in da je nujna odobritev za ta projekt.
On this basis, the Commission can now identify precise internal measures which are apt to redirect the activities of the firm.
Na tej podlagi Komisija zdaj lahko ugotovi natančne notranje ukrepe za preusmeritev dajavnosti družbe.
Such is first the change from the very expensive fuel oil to liquid coal.
Med temi je treba najprej navesti prehod z uporabe posebno dragega kurilnega olja na utekočinjeni premog.
Moreover, also the change of electricity provision from day-ahead to the balancing market contributed to viability as it is more profitable for Ottana Energia due to long term provisions on supply.
Poleg tega je tudi prenos dobave električne energije z dnevnega trga na trg prednostnega dispečiranja prispeval k večji donosnosti podjetja, saj je ta za družbo Ottana Energia donosnejši, ker je manj občutljiv na spremenljivost cen in spremembe dobavljenih količin.
Second, the Commission concludes that also new investments into bio energy are profitable.
Drugič, Komisija ugotavlja, da so donosne tudi nove naložbe v biogoriva.
They should yield a very high internal rate of return and have a significant net present value (see recital 25).
Te bi morale imeti precej visoko stopnjo donosnosti in imajo zdaj precej visoko neto sedanjo vrednost (glej uvodno izjavo 25).
Altogether, Italy substantiated that on the basis of credible future energy supply forecasts, which always remain subject to changes, and the proceeds from greengas certificates, it will make significant revenues as off 2008.
Na splošno je Italija dokazala, da bi morala omenjena družba na podlagi zanesljivih ocen o dobavi električne energije, ki so vedno podvržene spremembam, in s prihodki od zelenih certifikatov od leta 2008 dosegati večje prejemke.
Moreover, it is indicate that the company should have a positive operating margin and make profits as of 2010.
Poleg tega je bilo navedeno, da naj bi Ottana Energia dosegala pozitivno poslovno maržo in imela dobiček od leta 2010.
Also its ROE should as of 2010 at least match those of its competitors (see recital 25).
Tudi donosnost kapitala bi morala biti od leta 2010 vsaj enaka kot pri konkurenci (glej uvodno izjavo 25).
On this basis, the Commission considers that Ottana Energia is capable to ensure the restoration of long term viability.
Na tej podlagi Komisija meni, da je Ottana Energia sposobna zagotoviti dolgoročno izboljšanje donosnosti.
Given that all the necessary elements for the restructuring plan existed already on 9 January 2007, were on this day endorsed by the region, and were at that time — contrary to what was assumed in the opening decision — apt to restore viability, the Commission views the restructuring project now as a continuation of the rescue phase.
Glede na to, da so bili vsi potrebni elementi za načrt prestrukturiranja izpolnjeni že 9. januarja 2007 in jih je na ta dan potrdila dežela ter da so bili v tistem času, v nasprotju z navedbami v odločbi o začetku postopka, ustrezni za izboljšanje donosnosti družbe Ottana Energia, Komisija zdaj načrt prestrukturiranja obravnava kot nadaljevanje faze reševanja.
Moreover, a committee in the ministry of economy has endorsed the restructuring plan upon presentation of the restructuring plan and proposed a prolongation of the rescue aid measure conditional upon approval of the Commission.
Poleg tega je odbor Ministrstva za gospodarski razvoj potrdil načrt prestrukturiranja na podlagi predstavitve in predlagal podaljšanje pomoči za reševanje ob pogoju, da ga potrdi Komisija.
Because an approval should not be subject to the Commission’s approval this does not correspond exactly with the principles laid down in point 59 of the guidelines.
Ta pogoj ne ustreza točki 59 smernic, po kateri MSP (mala in srednja podjetja) za načrt prestrukturiranja ne potrebujejo odobritve Komisije.
However, such procedural inconsistency can alone not be sufficient to make the restructuring aid incompatible.
Vendar le zaradi te postopkovne neskladnosti pomoč za prestrukturiranje ne more biti nezdružljiva.
Own contribution and minimum necessary
Lastni prispevek in omejitev na najnižji potrebni znesek
The Commission in the opening of procedure questioned whether the undertaking was making a significant own contributions to the restructuring, as required by point 44 of the guidelines and whether the aid was limited to the minimum necessary as the repayment of the aid was only envisaged after 12 years.
Komisija se je ob začetku postopka spraševala, ali je podjetje zagotovilo dovolj lastnega prispevka za prestrukturiranje, kot to določa točka 44 smernic in ali je bila pomoč omejena na najnižji potrebni znesek, glede na to, da je bilo plačilo pomoči predvideno šele po 12 letih.
Italy has is in the meantime proven that there exists a significant own contribution.
Italija je medtem dokazala, da gre za razmeroma velik lastni prispevek.
This does however not concern the financing of phase 1, which is financed from regular cash flow, which is not accepted as own contribution as it is seen as being at least induced by State aid [12].
Kljub temu ta ni v zvezi s fazo 1, ki se financira iz rednega denarnega toka, ki ni lastni prispevek, ker ga je treba obravnavati, kot da izvira iz državne pomoči [12].
However, the second phase is entirely financed through own contribution, be it either by shareholder equity or by external financing secured by the shareholders or the productions assets (and not by the State guarantee).
Vendar pa se faza 2 v celoti financira iz lastnega prispevka, bodisi z lastnim kapitalom bodisi iz zunanjih sredstev, ki jih zagotavljajo člani družbe ali izhajajo iz proizvodnje (ne iz državnega poroštva).
Therefore, considering that the restructuring costs are roughly EUR 50 million of which 5 million are financed through aid and EUR 42,3 million come from own contribution (see recital 23) Ottana Energia managed to come up with an own contribution of more than 80 %.
Tako je lastni prispevek družbe Ottana Energia, z upoštevanjem, da je stroškov prestrukturiranja približno 50 milijonov EUR, od katerih 5 milijonov izhaja iz pomoči in 42,3 milijona EUR iz lastnega prispevka (glej uvodno izjavo 23), višji od 80 %.
This clearly exceeds the threshold indicated in point 44 of the guidelines.
To jasno presega prag, naveden v točki 44 smernic.
Finally, Ottana Energia shortened now the pay back period for the rescue aid loan.
Nazadnje je Ottana Energia zdaj skrajšala dobo odplačevanja posojila, ki mu je namenjeno kot pomoč za reševanje.
The aid shall now be repaid between 2009 and 2014 in tranches of EUR 1 million. This seems reasonable as the company appears to make significant revenues as of 2008.
Pomoč bo tako odplačana med letoma 2009 in 2014 v obrokih po 1 milijon EUR. To se zdi primerno, saj bi družba morala od leta 2008 ustvariti razmeroma visoke prihodke.
The Commission has during the investigation identified several measures which are apt to mitigate adverse effects of the aid on competitors.
Komisija je med preiskavo ugotovila več ukrepov za zmanjšanje negativnih učinkov pomoči na konkurente.
The Commission first accepts that the divestiture of […] can be a compensatory measure as these activities are according to the Italian authorities profitable.
Komisija predvsem priznava, da je odsvojitev oddelkov […] lahko izravnalni ukrep, saj so te dejavnosti po mnenju italijanskih organov donosne.
However, the Commission does not see that more recourse […] is a compensatory measure because this is in any event a measures which is likely to benefit the company and thus not a sacrifice for the company.
Vendar Komisija ne meni, da je večje predčasno upokojevanje […] izravnalni ukrep, saj gre v vsakem primeru za ukrep, ki bo družbi verjetno prinesel korist in torej zanjo ne pomeni žrtvovanja.
The Commission further observes that Ottana Energia cannot reduce its capacity, as it has only two boilers which are required for restoring the company’s viability.
Komisija še ugotavlja, da Ottana Energia ne more zmanjšati svoje zmogljivosti, saj ima le dva ogrevalna kotla, potrebna za izboljšanje donosnosti podjetja.
Therefore, only production limitations measures are feasible in the present case.
Zato so v zadevnem primeru možni le ukrepi za omejitev proizvodnje.
Such measures were indeed committed by the company and Italy and can be considered as compensatory measures.
Podjetje in Italija sta se dejansko zavezala sprejeti take ukrepe, ki jih lahko obravnavamo kot izravnalne ukrepe.
The Commission concluded that the compensatory measures are sufficient to mitigate as far as possible any adverse effects of the aid on competitors, because the beneficiary is small in size and its market position in the relevant Sardinian electricity market is compared to that of its competitors insignificant.
Komisija je ugotovila, da izravnalni ukrepi zadoščajo, da se kar najbolj ublažijo morebitni negativni učinki pomoči na konkurenco, saj je upravičenec manjše podjetje in je njegova vloga na trgu električne energije Sardinije dokaj nepomembna v primerjavi s konkurenčnimi podjetji.
Indeed, the survival of Ottana Energia even contributes to stabilise competition in the Sardinian energy market, as Ottana Energia is in fact the only alternative energy supplier to the dominant suppliers Enel and Endessa which have together more than 95 % market share.
Poleg tega preživetje družbe Ottana Energia prispeva k utrditvi konkurence na sardinskem energetskem trgu, saj je Ottana Energia edina alternativna dobaviteljica električne energije poleg vodilnih družb Enel in Endessa, ki skupaj obvladujeta več kot 95 % trga.
Thus, the entering of Ottana Energia […] will further enhance competition in this very concentrated market.
Tako bo vstop družbe Ottana Energia […] dodatno okrepil konkurenco na tem visoko koncentriranem trgu.
Moreover, the Commission also could not uphold its observation of the opening decision that there was overcapacity in the Sardinian energy market.
Poleg tega Komisija ne more potrditi pripombe, ki jo je navedla v odločbi o začetku postopka glede čezmerne zmogljivosti na sardinskem energetskem trgu.
Although such overcapacity de facto exists it is there only for the purposes of keeping always a certain reserve for supplying the Island.
Čeprav ta dejansko obstaja, je njen edini namen ohranjati določeno rezervo za oskrbo otoka.