RWE recognises impairments
Earnings in the European power plant sector curtailed / Terium: "Fundamental change of the generation market"
"Throughout Europe, gas and hard coal-fired power stations in particular are under substantial economic pressure," explains Peter Terium, Chairman of the Executive Board of RWE AG. "By recognising this impairment, we are taking account of the fundamental changes in framework conditions on the European generation market in particular. However, we are already reacting to the difficulties in terms of earnings - with which all European power producers are faced - and are further reducing the costs of our power plant fleet with resolve, in order to increase our earning power."
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