Vattenfall to sell off German lignite operations

Vattenfall, owned by the Swedish state, has invited prospective bidders to state interests in the company’s German lignite assets.

All of the company’s lignite generation and mining assets in Germany will be included in the sale: Boxberg, Jänschwalde, Schwarze Pumpe and Lippendorf block R power plants, as well as corresponding mining activities (Jänschwalde, Nochten, Reichwalde, Welzow-Süd and Cottbus Nord). The sales process is expected to continue into 2016.

This sale of the company’s German mining and generation assets is a result of Vattenfall’s plan to change its production portfolio and focus on other types of energy.

Additionally, bidders will be given the opportunity to bid for a portfolio of hydro assets mainly located in the regions adjacent to the lignite area. There are ten hydro plants but these will only be sold in conjunction with the German lignite assets.

Edited from press release by Harleigh Hobbs

Read the article online at: https://www.worldcoal.com/coal/22092015/vattenfall-to-sell-off-german-lignite-operations-2889/