German utility RWE says conventional power 'losing ground'
Essen, Germany (UPI) Aug 14, 2013 - German energy company RWE said Thursday it will pull back from the electricity market after posting a major decline in earnings for the first half of 2014. "Conventional power generation is losing ground [and] not just at RWE," the company's chairman, Peter Terium, said in a statement. The nation's largest power producer, RWE said it would idle 1,000 megawatts of power plants by ... more
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