Expert opinion from POWERGEN Asia speaker Jack Beks, RWE Technology International
German utility RWE have stated that they are considering legal action if not adequately compensated for developing coal-fired power generation in the Netherlands, now that the Dutch government has decided to phase out coal from its electricity mix.
A draft law has set out proposals for compensation for utilities RWE and Vattenfall.
A deal between E.ON and RWE to share RWE’s subsidiary Innogy is seeing some resistance in Germany.
The prospects for foreign ownership of domestic utilities around Europe look poor according to recent trends.
A potential merger of Germany’s two largest utilities has been ruled out by its respective managements.
E.ON will shed around 5,000 jobs as part of its deal with RWE to take over the latter’s Innogy business.
German utilities, E.ON and RWE, have come to an agreement on a deal that is set to transform the German energy industry.