nuclear-news

Utility losing interest in investing in nuclear power

E.ON says its commitment to nuclear is fading   LONDON, March 14 (Reuters) – German utility E.ON , which together with rival RWE plans to build new nuclear plants in Britain, said on Wednesday its appetite for investing in nuclear power had slowed down.

“Our appetite to boost nuclear with great energy has become smaller,” said board member Klaus-Dieter Maubach during the company’s 2011 results conference….   time and cost overruns at new nuclear plants in Finland and France…..  E.ON posted a net loss of 2.22 billion euros in 2011 as it was hit by Germany’s decision to shut down its oldest nuclear plants in the wake of Japan’s Fukushima accident and losses in its gas business.

March 15, 2012 - Posted by Christina Macpherson | business and costs, Germany