Uniper mulls reassembling German power plants in Britain
FRANKFURT: German utility Uniper may dismantle German power plants, reassemble them in Britain, and could even buy stakes in British gas power stations, chief financial officer Christopher Delbrueck told Frankfurter Allgemeine Zeitung.
Energy utilities are struggling with a German government decision to switch off nuclear power plants by 2022 in a market which is burdened by overcapacity and lacklustre profitability. The British market is less burdened with such oversupply, creating opportunities for Uniper, Delbrueck said.
“It may be worth it to disassemble some of the plants and to rebuild them in Great Britain. We need to do the maths on that carefully,” Delbrueck told the Saturday edition of German newspaper Frankfurter Allgemeine Zeitung.
The unpredictability of energy market regulation makes investments in new German plants difficult, he said, but this is not the case in Britain.
“In a couple of years I think taking stakes in new gas power stations in Great Britain is a possibility,” Delbrueck told the paper.
Uniper is interested in diversifying its business internationally, particularly in the energy trading business and may spend a tripledigit-million amount on acquisitions.