Created: 18 September 2007 | Watched by: 4 people | Comments: 0 comments

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  Germany should rethink nuclear plan -RWE chief | Markets | Reuters 

  http://uk.reuters.com/article/oilRpt/idUKL2523298820071125

  FRANKFURT, Nov 25 (Reuters) - German utility RWE's (RWEG.DE: Quote , Profile , Research ) new chief executive, Juergen Grossmann, said in a newspaper interview the country should rethink its nuclear-exit ... plan drawn up seven years ago between the government and power producers. "The decision was taken under different assumptions," Grossmann said in the summary of the story, due to be published on Monday by business daily Handelsblatt. "A barrel of oil cost between $20 and $30 at the time und climate protection was not on the agenda, today we are much more advanced," he said. Grossmann referred to record oil at just under $100 a barrel, which increases cost pressures on energy producers, and to the latest investment pledges by utilities in renewable energy research and assets so as to protect the environment. In return, they should be allowed to keep their nuclear plants open longer, he said. Much is at stake for RWE, whose Biblis B reactor is next to close under the programme, in 2008,   [More...] [Less...]

  First added: 26 November 2007, by: Jutta Schrimpf  [Report as spam]

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  Tags:  nuclear power, nulcear safety