E.ON Completes Generation Capacities Swap

4 January 2010 (Last Updated January 4th, 2010 18:30)

E.ON, EDF and EnBW have completed the swap of generation capacities following approval by antitrust authorities. E.ON will now receive power from 800MW of nuclear power capacity in France from EnBW. E.ON said it will also acquire EDF's and Charbonnage de France's 35% stake in

E.ON, EDF and EnBW have completed the swap of generation capacities following approval by antitrust authorities.

E.ON will now receive power from 800MW of nuclear power capacity in France from EnBW.

E.ON said it will also acquire EDF’s and Charbonnage de France’s 35% stake in French energy supplier SNET to become the sole owner of SNET.

In return, EnBW can obtain power from 800MW of German nuclear power station capacity.

EnBW will now take over E.ON’s 50.4% stake in the Rostock coal-fired power station and is receiving power from the Buschhaus coal-fired power plant.

The transfer of E.ON’s 50% stake in Kraftwerk Mehrum GmbH, also agreed in October between E.ON and Stadtwerke Hannover, has also been finalised.