Trinkwasserkraftwerk Saas-Grund AG

Planning, construction and operation of two drinking water power plants in Saas-Grund. May establish branch offices, found subsidiaries, participate in other companies, acquire and sell real estate and conduct all business that is directly or indirectly related to the company's purpose. May grant loans and other financing to its direct or indirect shareholders and their directly or indirectly held subsidiaries, and provide security of any kind for their liabilities to third parties, whether paid or unpaid.