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Steag Starts Coal-Fired Power Plant in Germany

Steag GmbH started Germany’s first new power plant fueled by hard coal in eight years, allowing the generator and energy trader to take advantage of near record-low coal prices that have widened profit margins.

The 725-megawatt Walsum-10 plant, located near Dortmund in the western part of the country, began electricity output today, the Essen-based company said in an e-mailed statement. It will probably start commercial operations later in the year after “optimization works and testing,” it said.