Uniper sells important component of Central Germany's energy supply
BAKU, Azerbaijan, Feb.21
By Leman Zeynalova - Trend:
Germany’s Uniper company has sold Schkopau lignite-fired power plant, an important component of Central Germany's energy supply, to a Czech company, Trend reports citing Uniper.
Uniper signed an agreement with Saale Energie GmbH (Saale Energie), a subsidiary of the Czech Energetický a Průmyslový Holding (EPH), on the sale of its stake in the Schkopau lignite-fired power plant in Saxony-Anhalt.
Uniper is the operator of the power plant and holds a stake of about 58 percent.
Saale Energie already holds a stake of around 42 percent in the Schkopau power plant and will take over Uniper's stake with effect from October 2021.
On 30 January 2020, immediately after the publication of the coal exit law by the German government, Uniper presented an ambitious roadmap for the phase-out of its own coal-fired power generation in Germany.
The coal exit law provides for the Schkopau lignite-fired power plant to run until the end of 2034. With the sale of its stake in the Schkopau power plant, Uniper in Europe will also withdraw completely from lignite-fired power generation.
In addition to the power plant stake, Saale Energie will take over the operational management and operation of the Schkopau power plant from Uniper, including the Uniper employees, with effect from October 2021.
Completion of the transaction is still subject to the approval by the German Federal Cartel Office.
The net capacity of the Schkopau lignite-fired power plant is around 900 megawatts.