Antinuclear

RWE company not to build more nuclear reactors -” too financially risky”

RWE says won’t build any new nuclear plants DUESSELDORF, Germany, June 17  , 2012   (Reuters) – RWE AG, Germany’s second-biggest utility, is abandoning plans to build new nuclear power plants outside its home market, where the government decided last year to phase out nuclear power.

“We will not invest in new nuclear power plants,” incoming Chief Executive Peter Terium said…. “We can no longer afford the financial risks and the surrounding conditions for nuclear power plants,” Terium, who is due to take the top job on July 1, said.

Three months ago, RWE and E.ON pulled out of a 15 billion pound ($23.5 billion) plan to build new nuclear power stations in Britain…. Dutch utility Delta and its partners EDF and RWE earlier this year postponed plans to build a second nuclear power plant in the Netherlands because of the poor investment climate and low electricity prices….
http://www.reuters.com/article/2012/06/17/rwe-nuclear-idUSL5E8HH8ZI20120617

June 18, 2012 - Posted by Christina Macpherson | Uncategorized