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Slowdown in maintenance of German nuclear reactors

Germany plans to slap an annual 2.3 billion-euro ($2.9 billion) tax on nuclear power plant operators from next year through 2016

RWE May Shelve Power Plant Work, Saying German Nuclear Tax Will Sap Cash, – Bloomberg, By Nicholas Comfort – Sep 7, 2010 RWE AG, Germany’s largest power company, may delay maintenance work at some of its generators to cut costs as a planned tax on the country’s nuclear stations saps cash.“We have to make cuts in the day-to-day business,” Rolf Schmitz, the company’s management board member for Germany, said today in an interview in Munich. “We’ll put off maintenance halts by a year or two if possible.”….
Germany plans to slap an annual 2.3 billion-euro ($2.9 billion) tax on nuclear power plant operators from next year through 2016 as it seeks to trim the budget deficit. That will spur Essen, Germany-based RWE to focus on investments in “growth areas” like renewable energy generation and projects outside of its home market, Schmitz said.

RWE May Shelve Power Plant Work, Saying German Nuclear Tax Will Sap Cash – Bloomberg

September 8, 2010 - Posted by | Uncategorized | , ,

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