RWE AG : Dutch Utility Delta Shelves Plan To Build 2nd Nuclear Plant

Monday, January 23, 2012

AMSTERDAM -(Dow Jones)- Dutch utility Delta NV said Monday it has shelved its plan to build a second nuclear plant in the Netherlands, in the latest example of waning appetite for atomic power in Europe.

Delta NV, which aimed to build the plant together with Germany's RWE AG, said the current market climate makes it no longer viable to move ahead with the project and that it will shelve its plans for two to three years.

Delta, which is owned by Dutch provinces and municipalities, was to have a 70% stake in the project, while RWE would have held the remaining 30%.

Posted in |