E.ON Sells Shares in Mehrum Power Station

25 October 2009 (Last Updated October 25th, 2009 18:30)

E.ON is selling its 50% stake in Kraftwerk Mehrum GmbH power station to Hanover municipal utilities (SWH), it has been revealed. The price to be paid by SWH has not been disclosed. The 150 staff at the Mehrum power station are not expected to be affected. The transac

E.ON is selling its 50% stake in Kraftwerk Mehrum GmbH power station to Hanover municipal utilities (SWH), it has been revealed.

The price to be paid by SWH has not been disclosed.

The 150 staff at the Mehrum power station are not expected to be affected.

The transaction, which is to be completed from the 1st of Jan 2010, is still subject to approval by the SWH supervisory board and the antitrust authorities.

The sale of the stake in Mehrum power station is another step towards implementing the commitment made by E.ON to the EU Commission in May 2008.

E.ON has pledged to sell about 5,000MW of power station capacity and its ultra-high voltage transmission network in Germany.

The company has already agreed with Statkraft of Norway, Electrabel of Belgium, EdF of France and EnBW of Germany on the exchange of power generation capacity and the sale of power station interests.

It has also sold 13 hydro power stations on the river Inn to an Austrian energy supplier, Verbund.