nuclear-news

Nuclear plant for sale – but no buyers

Hey, Wanna Buy a Nuclear Power Plant? – The Source – WSJ, 6 April 11, “………Nestled on the bank of the Isar river, there’s an unusual piece of real estate for sale in Bavaria. It’s the Isar II nuclear energy plant, or at least a 25% stake in it, for sale by Stadtwerke Muenchen, Munich’s regional utility.

SWM has in fact been trying to sell its stake in Isar II since the 1990s, but without success. In the early 2000s, the utility published an international call for bids in the Financial Times, a spokesman said, but that also did not end in a sale, and the utility appears to be saddled with the power plant until it becomes obsolete.

“With the future of nuclear energy totally uncertain [in Germany], there’s no buyer who would go into such a deal blind,” said Ingo Becker, an energy analyst at Kepler Capital Markets……investors are unable to assess the potential value of the plant.

On top of that, in the wake of Fukushima, the fact that nuclear power plants can’t be insured has made investors take an even more sober view of the industry…..Hey, Wanna Buy a Nuclear Power Plant? – The Source – WSJ

April 7, 2011 - Posted by Christina Macpherson | business and costs, Germany