German utility RWE AG (RWE.XE) said Friday it is planning to build a new lignite-fired power plant at its existing power production site in Niederaussem, western Germany.
German utility RWE AG (RWE.XE) said Friday it is planning to build a new
lignite-fired power plant at its existing power production site in
Niederaussem, western
Germany
.
RWE Power--the company's electricity production unit--said it intends to build
a 1,100-megawatt lignite-fired power plant, and said that total investment
would be around EUR1.5 billion.
It said that it has requested changes to the
Cologne
district government's existing regional development plan as a first step in the
approval process for the planned facility.
"We are hoping that the entire [approval] process will be concluded in the
next two to three years," RWE Power Chief Executive Johannes Lambertz
said.
Construction of the power plant could take a further three to four years, the
company said.
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