German energy company RWE AG (RWE.XE) has warned it will significantly scale back its investment in Britain unless the government provides "desperately needed" certainty over energy policy, the Sunday Telegraph reports.
German energy company RWE AG (RWE.XE) has warned it will significantly
scale back its investment in
Britain
unless the government provides "desperately needed" certainty over
energy policy, the Sunday Telegraph reports.
The U.K. paper reports that in a recent interview Paul Masara, RWE's U.K.
representative and chief executive of RWE-owned npower, said investments would
be scaled back unless there are propositions put in place to attract capital
lenders into the market place.
Mr. Masara said further RWE investment in more gas plant was unlikely, but that
the company would continue to invest in renewables, the paper reported.
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