SOURCE: Industrial Info Resources

Industrial Info Resources

May 24, 2011 02:45 ET

Germany Will Not Rush Nuclear Shutdown, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - May 24, 2011) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- Germany's plan to extend the lives of its oldest nuclear power plants now lies in tatters, with the government admitting that the country will most likely ditch nuclear power completely within the decade. Germany's Chancellor Angela Merkel has accepted in principle a proposal by the Christian Social Union (CSU) party, the Bavarian wing of her own political party, to exit nuclear power by 2022. The government has rejected calls in recent weeks to exit nuclear power immediately as "not responsible" but, at the weekend, she admitted that an exit from nuclear by 2022 is an acceptable scenario.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to europe@industrialinfo.eu or visit us online at Industrial Info Europe (http://www.industrialinfo.eu).

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