FRANKFURT (Dow Jones) - German utility RWE AG Wednesday said it has terminated a joint venture agreement with Bulgaria's state-owned National Electricity Co., or NEK, due to problems with the financing of a nuclear power plant that was planned to be built near the town of Belene.
"We have terminated the joint venture agreement with NEK today because of problems financing the project," said Stephanie Schunck, spokeswoman for RWE's power generation unit RWE Power.