RWE expects to build 3 to 5 n.power plants-paper

Wednesday, October 22, 2008

FRANKFURT, Oct 22 (Reuters) - Germany's RWE, the country's largest power producer, expects to build three to five new nuclear power plants with partners in Europe, the company's chief executive told German paper Sueddeutsche Zeitung.

The exact number depends on the partners the company finds for any given projects and the financing, RWE's Chief Executive Juergen Grossmann said in the interview.

Grossmann reiterated that current plans to make utilities buy all emission certificates they need for their power plants may make coal-fired power stations unprofitable.

Energy costs will continue to rise as demand increases worldwide, he said.

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