Vattenfall seeks 4.7 bn euros for German nuclear phase-out: government sources

Vattenfall seeks 4.7 bn euros for German nuclear phase-out: government sources
by Staff Writers
Frankfurt (AFP) Oct 15, 2014

Swedish energy group Vattenfall is demanding 4.7 billion euros ($6.0 billion) in damages from Germany following Berlin's decision to phase out nuclear power and shut several reactors, German government sources said on Wednesday.

The sources said that Economy Minister Sigmar Gabriel had named the figure at a meeting of the parliamentary economics committee on Wednesday.

Swedish media reports back in December 2012 had put the figure at 3.5 billion euros in damages.

Following the Fukushima disaster in Japan in 2011, the German government announced it would phase out nuclear power completely and immediately shuttered several nuclear reactors, including the plants in Brunsbuettel and Kruemmel in the north of the country that were jointly owned by Vattenfall and Germany's E.ON.

At the time, the two plants had a history of technical problems and had been out of service since 2007 and 2009, respectively.

Vattenfall claims its right of ownership was violated by Berlin's decision.

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks

del.icio.us

Digg

Google

France and South Africa sign nuclear energy agreement
Paris (AFP) Oct 14, 2014
Paris and Pretoria signed Tuesday an agreement which could open the way for French nuclear giant Areva to bid to build eight nuclear reactors in South Africa worth up to $50 billion (39.5 billion euros). French Foreign Minister Laurent Fabius and South African Tina Joematt Pettersson signed an intergovernmental agreement on cooperation in nuclear energy development which is necessary for any ... read more

New Discovery Will Enhance yield and quality of Cereal and Bioenergy Crops

New ProMOS Bio Software Guides Biogas Plants into the Future

U.S. funding projects meant to make biofuels competitive

Balancing birds and biofuels: Grasslands support more species than cornfields

EDF Buys Canadian Solar Modules For Catalina Solar 2 Project

Stem and Kyocera Launch Energy Storage For Commercial Users

SunEdison Slashes Costs With High Efficiency Module Tech

Trina Solar's Monocrystalline Honey Module Sets New World Record

U.S. states get federal backing for clean-energy programs

SeaRoc and HSEQ Experts join forces to support offshore wind projects in Europe

Study recommends ongoing assessment of offshore wind farms

Scotland wants more control over U.K. energy policies

Better lectricity access has little impact on climate

Energy Prices and Business Decision-Making in Canada

Strong partnership for the energy transition

Balancing renewable energy costs

Wild molecular interactions in a new hydrogen mixture

Lockheed Martin developing compact nuclear fusion reactor

Catalysts for hydrogen fuel cells cab be synthesized in microwave oven

Brighter energy-saving flat panels using carbon nanotubes

NASA's Hubble Maps the Temperature and Water Vapor on an Extreme Exoplanet

Hubble project maps temperature, water vapor on wild exoplanet

New milestone in the search for water on distant planets

Clear skies on exo-Neptune

Navy extends ship resupply contract with Erickson

Steel cut on new Royal Navy Offshore Patrol Boat

Navy's newest amphibious assault ship ready for duty

Fincantieri announces submarine launch, new collaborative agreement

Humans may only survive 68 days on Mars: study

First Light for MAVEN

MIT study finds 'Mars One' passengers could die of starvation

NASA Parachute Engineers Have Appetite for Destruction

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.