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RWE Shuts Unprofitable Power Plants to Spur Generation Unit
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RWE AG will close power plants as Germany’s second-largest utility tries to revive profits at its electricity generating business.
The company will shut 3,100 megawatts of power plants in Germany and the Netherlands, about 7 percent of RWE’s capacity in northern Europe, and look at idling more stations, the Essen-based company said in a statement today.