E.ON Welcomes German Compromise on Nuclear Energy

7 September 2010 (Last Updated September 7th, 2010 18:30)

German energy giant E.ON said it has welcomed the agreement reached by the German Government on a compromise on the extension of the operating lives of nuclear power plants in Germany. The decision implies that the operating lives of E.ON's nuclear power plants Isar 1 and Unterweser wil

German energy giant E.ON said it has welcomed the agreement reached by the German Government on a compromise on the extension of the operating lives of nuclear power plants in Germany.

The decision implies that the operating lives of E.ON's nuclear power plants Isar 1 and Unterweser will be extended by eight years each, and those of Grafenrheinfeld, Grohnde, Brokdorf and Isar 2 by 14 years each.

The firm plans to further examine the concrete implications of the compromise for each plant, it said in a statement.

According to the company, the average operating life extension of 12 years is "a considerable challenge" because it is too short a period to allow the nuclear energy's bridge function to be used in an optimum way.

E.ON CEO Johannes Teyssen said that with this decision, the German Government confirms that nuclear energy will continue to be needed for some time as one of the main pillars of its energy policy.

"What is now required is additional effort on all sides to build a stable bridge into Germany's energy future," Teyssen said.