E.ON has said that it has fulfilled the agreement reached with the EU Commission and will sell 265MW of power generation capacity from the Veltheim coal-fired power station in Germany to Morgan Stanley Capital Group.
The company did not reveal the purchase price of the deal with Morgan Stanley. This transaction has already been approved by the EU Commission.
In late 2008, E.ON planned to divest 5,000MW of generation capacity in Germany and its extra-high voltage grid.
This grid was sold in 2009 to the Dutch state-owned network operator TenneT. The power station capacities were sold to various European competitors, including EDF, GDF Suez, Statkraft of Norway and Verbund of Austria, or were partly swapped for generation capacities in France and Belgium.
By fulfilling the agreement with the EU, E.ON is making another contribution towards promoting competition in the German energy market, the company said.