Merkel Meets Energy Executives on Power Plant Construction

German Chancellor Angela Merkel will meet representatives from the energy industry including RWE AG (RWE)’s Juergen Grossmann next week for talks about power plant expansion in Europe’s biggest electricity market.

The discussions starting at 4:30 p.m. in Berlin on May 2 will tackle “the future of power-plant construction,” Merkel’s spokesman Steffen Seibert said at his regular news conference today.

Grossmann will take part in the meeting, Annett Urbaczka, a spokeswoman, said by phone from Essen. Carsten Thomsen-Bendixen, a spokesman for EON AG, Germany’s biggest utility, declined to comment when contacted by phone.

Germany intends by 2022 to replace nuclear reactors that supplied about a fifth of its electricity with renewables such as solar and wind as well as a new fleet of fossil-fuel plants.

EON and RWE have threatened to halt investment in offshore wind projects because of delays in connecting their projects to the power grid. They’re also refusing to build new gas-fired generators as the fuel’s rising cost and the spectre of Europe’s second recession in three years wipe out returns.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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