RWE purchases electricity generation quota from Stade nuclear power station

Essen, (PresseBox) - RWE has purchased a residual generation quota of 4.8 terawatt hours from the decommissioned Stade nuclear power station in Northern Germany from E.ON Kernkraft GmbH, Hanover. The Stade nuclear power station was commissioned in 1972 and produced electricity until 2003. The purchased quota is sufficient to run a 1,200 MW nuclear power station such as the Biblis A reactor at full capacity for around 6 months. Both parties have agreed to maintain confidentiality with regard to the contractual conditions.

RWE purchased the electricity quota in order to increase the remaining quantity of electricity that can be generated by the Biblis A nuclear power station according to the current Atomic Energy Act. In doing this, the company is making sure a 'point of no return' is not reached before the energy concept, and the reversal of the nuclear phaseout scheme, set down in the coalition agreement, have been presented.

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