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German utilities and government clash over nuclear ‘bad bank’

Monday, May 12, 2014

Germany’s nuclear industry is fighting Berlin over a plan to transfer the risks of shutting down facilities to a publicly owned foundation that would act as a “bad bank”.

The power companies are engaged in a decommissioning exercise with an estimated cost of more than €30bn after Berlin announced an accelerated exit from nuclear energy following the Fukushima disaster in 2011. The work includes demolishing nuclear plants and disposing of radioactive waste.

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