Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Sunday, September 18, 2011

Siemens to leave nuclear business

Siemens Chief Executive Officer Peter Loscher
Siemens has announced plans to turn the page on nuclear energy and stop building nuclear power stations after Germany's decision to phase out the use of atomic energy.


"We will no longer be involved in overall managing of building or financing nuclear plants. This chapter is closed for us," Siemens Chief Executive Officer Peter Loscher said in an interview with Der Spiegel weekly published on Sunday, AFP reported.

He added that the German engineering and power giant would restrict its activity to dual-use technology.

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