January 16, 2020
Germany to compensate RWE with 2.6 billion euros for coal exit
By admin | |
The German government plans to compensate utility RWE with around 2.6 billion euros for costs related to the country’s planned coal exit. Mining company Mibrag, owned by Czech energy group EPH, is likely to get 1.75 billion euros of compensation. The payments will begin when coal-fired plants are turned off until the broad final coal exit date.