DONG Energy withdraws from
Greifswald project in Germany
11.12.2009 14:31
At a board meeting held today, DONG Energy resolved to withdraw from the
project exploring the opportunities of building a new power plant near the
town
of Greifswald in northern Germany.
In November 2006, DONG Energy acquired an ownership interest in a
German
company that held an option to acquire a site situated near the town of
Greifswald in Mecklenburg-Vorpommern which was suited for building a
coal-fired
power plant. The building of the power plant was subject to approval by the
German authorities.
Due to recent indications from the state government of Mecklenburg-
Vorpommern,
DONG Energy no longer believes that the project has the necessary political
backing. In addition, since the initial project application was filed three
years ago, the case processing has been making slow progress with no
prospects
for a decision being made in the near future.
“DONG Energy relies on close collaboration with the local communities that
we
serve. We have therefore reacted to the perceived lack of necessary political
backing for the project from the state government of Mecklenburg-
Vorpommern.
Consequently, we have resolved to withdraw from the project plans, which
will
enable us to devote our full efforts to other investment projects in our
pipeline,” said Anders Eldrup, Chief Executive Officer.
The information provided in this announcement will not change the previous
financial guidance for the financial year 2009 or the expected investment
level.
For further information, please contact
Media Relations
Louise Münter
+45 9955 9662
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750
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