The sale does not have any consequences for the 150 staff members of Mehrum coal-fired power station because it is a transfer of shares among the power plant’s owners.
The transaction, which is intended to be completed as of January 1, 2010, is still subject to approval by the SWH supervisory board and the antitrust authorities. It is not subject to any further approvals by E.ON supervisory bodies.
The sale of the stake in Mehrum power station is said to be another step towards implementing the commitment made by E.ON to the EU Commission in May 2008. The company pledged to sell about 5,000MW of power station capacity and its ultrahigh-voltage transmission network in Germany.
In this connection, E.ON has already agreed with Statkraft of Norway, Electrabel of Belgium, EdF of France and EnBW of Germany on the exchange of power generation capacity and the sale of power station interests, and has sold 13 hydro power stations on the river Inn to an Austrian energy supplier, Verbund.
The company said that it has already signed agreements for the sale of approximately 4,800MW of power station capacity under its commitment, thus strengthening competition in the German and European energy markets.
