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Monday, April 30, 2012

Germany plans to revamp 84 power plants - BDEW

Energy and water industry association BDEW said that German utilities and private investors have plans to construct or modernize some 84 power stations.

The planned projects were equivalent to an installed power generation capacity of 42,000 MWs, the Berlin based group said in a statement issued on the first day of the Hanover industrial fair. It estimated that the projects, taken together, involved investments of more than EUR 60 billion (USD 79.25 billion).

BDEW also said that of the total 84, some 69 units (counting those above 20 MW) were fully or partially approved, being built or test-run. The remaining 15 were at the planning stage.

Of the total number counted by BDEW, 23 units were to be driven by offshore wind, 10 were pumped storage plants, 29 gas-fired and 17 coal fired generation plants.

BDEW, which represents some 1,800 companies active in supplying power, gas, water and heat, traditionally issues power station plans of its members around April.

The plans this year reflect over a year of debate on how to best replace Germany's nuclear power stations, which must be closed faster than planned in light of the nuclear disaster in Japan in March 2011.

BDEW's managing director Ms Hildegard Mueller said that the plans' realization mostly hinged on the German government clarifying the future power market design. If this was not done by 2015, especially the would-be investors in thermal power stations might get cold feet and withdraw.

Ms Mueller said that "The increased involvement in offshore wind and pumped storage is a positive signal that the industry is investing in the energy supply of the future.”

She added that "But this cannot hide the fact that there are obstacles not just for renewable power but also coal and gas-to-power projects.”

Source - Reuters

(www.steelguru.com)

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