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Vattenfall in nuclear spat with Germany

Vattenfall in nuclear spat with Germany

Published: 22 Dec 2012 11:20 GMT+01:00
Updated: 22 Dec 2012 11:20 GMT+01:00

"Vattenfall has launched proceedings against Germany for more than 30 billion kronor," Swedish business daily Dagens Industri wrote, without citing any sources.

The group claims its right of ownership was violated by Berlin's decision in March last year to immediately shutter some 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, two weeks after Japan's Fukushima disaster, the two plants had a history of technical problems and had been out of service since 2007 and 2009, respectively.

Vattenfall has never revealed a cost estimate for the closure, unlike E.ON which has put the cost at $10 billion.

Vattenfall declined to comment when contacted by AFP.

Sweden's Minister for Financial Markets, Peter Norman, who oversees Sweden's state-owned companies, told AFP the dispute was beyond his remit.

"We treat Vattenfall in many respects as a private company. That is a question for a Board," he said.

Vattenfall is Germany's third largest electricity producer providing nearly 13 percent of the electricity used in the country.

The Local (news@thelocal.se)

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Your comments about this article

21:59 December 22, 2012 by Sebastian_R
Vattenfall does not have a good reputation in Germany. They didn't have their stuff in order and Krummel the nuke they operated in Hamburg was having one incident to report after the other.

Of course in the best tradition of nuclear plant operators they did whatever they could in order to obfuscate and hide incidents. It got so bad that eventually the authorities required Vattenfall to continuously log audio recordings of the main control station of the plant. Vattenfall failed to comply with this order and tried to get out of this.

I know that this is just an attempt to extract more money. But I don't understand how the people at Vattenfall who were responsible for Krummel can sleep at night.
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