Vattenfall Europe AG (VTT-XE) Wednesday denied a press report that the German energy utility plans to stop mining brown coal and using it as fuel in its power plants.
Vattenfall Europe AG (VTT-XE) Wednesday denied a press report that the
German energy utility plans to stop mining brown coal and using it as fuel in
its power plants.
"Such media reports don't have anything to do with reality," said
Tuomo Hatakka, chief executive of the German unit of Swedish state-controlled
Vattenfall AB.
Earlier Wednesday eastern German daily newspaper Potsdamer Neueste Nachrichten
reported that Vattenfall Europe plans to continue operating its open cast brown
coal mines until the end of the operating lives of company's lignited-fired
power plants.
New power plants wouldn't be built the newspaper added, saying that this would
end lignite mining in eastern
Germany
over
the next 30 to 40 years.
The newspaper said that Vattenfall Europe was considering exiting its lignite
operations after the German Federal Government earlier this month presented key
points of a long-term energy roadmap through 2050 that aims to prolong the
operating lives of
Germany
's
nuclear power stations.
Oystein Loseth, CEO of Vattenfall Europe's parent company, discussed the
company's plans with local and regional politicians in the eastern German state
of
Brandenburg
at a
meeting last week, the newspaper said.
Vattenfall Europe, however, Wednesday denied that ending mining lignite and
using it to fuel power plants was discussed at the meeting.
"The opposite is the case: we stick to our plans and highlighted the
importance of lignite for [the state of]
Brandenburg
during that meeting," the company said in an emailed statement.
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