Energy company RWE has bundled all of its conventional power plants in Germany, the UK and The Netherlands into a new firm called RWE Generation.
The new company will manage a power generation capacity of around 50,000 MW at more than 50 sites across Western Europe.
As well as all conventional power plants, RWE Generation – which will be incorporated as a European joint stock company – will also encompass RWE Technology GmbH.
RWE’s deputy chief executive Rolf Martin Schmitz said the creation of the new company “will help us to ensure success in an increasingly difficult market environment” and was intended to “strengthen the RWE group for the future”.
RWE Generation’s chief executive Matthias Hartung said: “Conventional power plants can only hold their own in today’s environment if they are highly efficient, protect the climate and are able to work very flexibly.”
“RWE Generation will combine the advantages of a cross-country organisation with RWE’s strong presence in our core market countries.”
He added that country chief executives Paul Massara at RWE npower in the UK and Erwin van Laethem at Essent in the Netherlands would “remain the immediate contacts for politicians and the public”.
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