The half-year stalemate to the medium-term future of the Lusatian lignite mining area to an end. On Sunday, the Supervisory Board of the Swedish state-owned energy company Vattenfall in Stockholm has advised on the sale of the division. On Monday morning, the corresponding body of the German subsidiary, which must handle the business comes together in Berlin. Before headquarters on Chausseestrasse the environmental organization Greenpeace plans to hold a rally. They also had a few months ago an official bid for the division filed -. What the Swedes had rejected as expected fast
EHP wants the complete division and all employees accept
So now rising white smoke on in Stockholm and Berlin. Vattenfall’s 8,000 employees and their families in the Lausitz, which in the meantime had every reason for uncertainty, now know where they are: It is expected that the Czech energy group EPH and the investment group PPF accept the division and the associated staff. Brandenburg state government reacted already with the announcement of the deal easier on the decision for a sale to the EPH. The company – as well as most other buyers – have left a professional impression, BelTA learned from the provincial government. All knew what they are doing: A confident region with a strong union, the IG BCE. For EPH but speak the previous engagement in East Germany, one thinks in Potsdam.
The lignite is the most important domestic energy
EPH is as owner of Mibrag that degrades lignite in the central German area and fired power plants in the Schkopau and Lippendorf to generate electricity, already present on the German market. Lignite is the most important domestic energy source, but highly controversial because of the high CO2 emissions. With the acquisition of Vattenfall subsidiary, the East German coal industry would lie completely in EPH-hand.
It is still unclear what price Vattenfall can provide its coal division. Multiple sales negotiations were burdened by speculation about a possible negative purchase price. Vattenfall was under pressure – because of the falling price of electricity and because the business is no longer profitable. At the beginning of consideration of a sale more than two years ago was still of a price range of up to four billion euros of the question.
In the region, the grief keeps on Vattenfall’s retreat in limits
in the Lausitz, the grief over Vattenfall’s retreat now holds within limits. Not only because the investments were scaled back considerably in recent years. Because Vattenfall’s losses, the Group of municipalities of the region also demanded the return of millions of prepaid business tax. In addition now even come tax adjustments, which date back to the year of 2006.
The company had been forced to make 2 015 Depreciation of EUR 1.6 billion for the lignite-division. The Group established the tax receivables with falling electricity prices, which is why adjustments to the lignite business are necessary. The recoveries also it is obviously a matter that Vattenfall makes in Germany, the losses in the wake of the nuclear phase decided by the federal government now contends. Brandenburg Finance Christian Görke (left) raises the Swedes “control acrobatics” before. The Group expects to poor and showcase municipalities and “the bill for Germany’s nuclear phase-out”.
Brandenburg Economics Minister Gerber will continue to run the coal business by 2040
If the sale also in entering the coal exit? There must not be a turbo phase out coal for Brandenburg red-red state government, as long as there is no stable power supply from renewables. Moreover Brandenburg insists on federal support for structural change. For the Welzow-Süd II the plans and permits have progressed – although Vattenfall gets own efforts during the sales talks. Until at least 2040, the business could run.
The Greens meanwhile criticizing the alleged buyers EPH and the investment group PPF. For the climate of the Green Party in the Bundestag, Annalena Baerbock, is opaque active financial and energy companies. The remediation reserves, according Baerbock actually a “sine qua non”, EPH had always remained vague. with kph
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