SOURCE: Industrial Info Resources

October 13, 2009 04:01 ET

Germany on Track to Extend Life of Nuclear Power Plants, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - October 13, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The new German coalition government will soon announce plans to extend the life of many of the nation's nuclear power plants. The decision will reverse the existing law that calls for all 17 nuclear power plants in the country to be shut down by 2021. Negotiations between Chancellor Angela Merkel's Christian Democratic Union (CDU) party and its new partner in government, the Free Democrats, are ongoing, but documents leaked from the talks have confirmed the new, pro-nuclear stance. "Atomic energy will be required as a bridge technology until affordable, climate-friendly energy sources are reliably available in sufficient quantities," the document, obtained by Speigel Online, reads. "The limit on German reactor lifetimes to 32 years is thus rescinded." The news will be welcomed by power companies such as E.ON (OTC:EONGY) (Dusseldorf, Germany) and RWE AG (OTC:RWEOY).

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