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German utilities mull sale of Hungarian power plant stake

RWE and EnBW are considering the sale of their stakes in the Matrai Eromu thermal power facility, Hungary‘s second largest power plant.

Germany’s utilities have suffered greatly in recent years from its ownership of gas and coal-fired units and arMatrai Eromu power plante attempting to offload some assets in the sector.

“We are looking at all strategic options. That includes a sale,” a spokeswoman for RWE told Reuters on Wednesday. RWE has a 50.9 percent stake in the power plant, while EnBW has a 21.7 percent stake.

Newspapers Magyar Idok and Vilaggazdasag earlier on Wednesday cited unnamed sources as saying bidders could submit their offers for the plant in two months. They said five companies were interested but only two of them were willing to pay a sufficient price.

The newspaper did not name the bidders, but said potential firms interested could be Czech EP Holding, CEZ or Hungarian state-owned MVM group.

The plant, which is fired by lignite coal and partly by gas, has an installed capacity of 1,000 MW.