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RWE To Get 20% Stake In New Dutch Nuclear Power Plant

German utility RWE AG (RWE.XE) could get a 20% stake in a planned Dutch nuclear power plant, Dutch public utility Delta said in a statement Tuesday.
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Τρι, 17 Μαΐου 2011 - 17:30
German utility RWE AG (RWE.XE) could get a 20% stake in a planned Dutch nuclear power plant, Dutch public utility Delta said in a statement Tuesday.

The stake for the Essen-based utility is part of a settlement between Delta and RWE over the ownership in the existing Dutch nuclear power plant Borssele.

Both RWE and Delta confirmed Tuesday that they have signed a letter of intent on a out-of-court settlement over RWE's contested co-ownership of the Netherland's only nuclear power plant. Under the deal, which needs final approval, RWE would take a 30% stake in the power plant instead of the initially planned 50%, while Delta would own 70%.

The legal dispute is related to RWE's takeover of Dutch energy provider Essent in late 2009.

A second nuclear power plant in the Netherlands is currently being developed by Delta, a publicly owned Dutch utility, along with Electricite de France S.A. (EDF.FR).
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