Lars Josefsson, chief executive officer of Vattenfall, said that the recession and sharp fall in energy prices had left investment decisions related to Britain’s plans to let private companies construct new nuclear plants more uncertain.
He said, So, for that reason we have actually decided for the next year or so that we are not going to make any decisions on investments, but we will continue following the process.”
Vattenfall also maintained that plans for developing its UK wind asset portfolio are not affected by this decision.
Josefsson said the economic downturn was affecting investment plans across the Swedish state-owned power group’s business, which includes large operations in countries such as Germany and Poland.
Due to the downturn we have reviewed our complete investment program. So, we have been taking a second and a third look on the entire program based on the new market situation and the more tough market conditions, he said.
