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.
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