As a result, E.ON is receiving power from 800MW of nuclear power capacity in France from EnBW. Furthermore, E.ON is acquiring EDF’s and Charbonnage de France’s 35% stake in the French energy supplier SNET, becoming the sole owner of SNET.
In return, EnBW is able to obtain power from 800MW of German nuclear power station capacity. At the same time, EnBW is taking over E.ON’s 50.4% stake in the Rostock coal-fired power station and is receiving power from the Buschhaus coal-fired power plant.
The transfer of E.ON’s 50% stake in Kraftwerk Mehrum, likewise agreed in October between E.ON and Stadtwerke Hannover, has also been finalised. In return, E.ON is receiving a cash payment from Stadtwerke Hannover.
The transactions form part of the measures committed by E.ON to the EU Commission in 2008 to promote competition in the German energy market. In total, E.ON made a commitment to sell about 5,000MW of its generation capacity and also its ultra high-voltage grid in Germany.
With the latest transactions, E.ON has already signed agreements to sell around 4,800MW of power station capacity in Germany to companies including Norwegian Statkraft, Belgian Electrabel and the Austrian Verbund.
