Michele Kearney's Nuclear Wire
Major Energy and Environmental News and Commentary affecting the Nuclear Industry.
Thursday, February 23, 2017
German energy giant RWE posts 5.7-bln-euro loss in 2016
German energy giant RWE posts 5.7-bln-euro loss in 2016
Frankfurt Am Main (AFP) Feb 22, 2017 -
German energy provider RWE on Thursday
announced a surprise loss of 5.7 billion euros for 2016, hit by
writedowns on its plants and one-off costs related to the country's exit
from nuclear power.
"The difficult market environment made impairments necessary. In
addition, the nuclear energy fund imposed a substantial one-off burden
on us," chief executive Rolf Martin Schmitz said in an unsched ...
morehttp://www.nuclearpowerdaily.com/reports/German_energy_giant_RWE_posts_57-bln-euro_loss_in_2016_999.html
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