Power groups to drop German coal-burning plant

Two Swiss power companies are pulling out of plans to help finance a coal-fired plant near Hamburg, Germany.

This content was published on April 12, 2010 minutes

Groupe E and Energie Romande, both based in western Switzerland, announced that environmentalist and consumer criticism had influenced their decision.

In 2008, the two groups invested a total of nearly SFr200 million ($189 million) in Südweststrom, which plans to build a coal-burning plant in Brunsbüttel.

Both companies are now looking for buyers to take over their involvement in the project.

Meanwhile, Repower in canton Graubünden will continue its cooperation with Südweststrom. and agencies

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