Vattenfall on Sept. 19 said it is reorganizing the structure of the company and developing a new business division that will ensure its focus on the highest operational standard and safety in nuclear operations, and integrate renewables among its other energy sources.
The Swedish electric utility’s current structure comprises of five business divisions grouped under three operating segments. As of Nov. 1, 2012, the units will be changed into two operating segments, Generation and Distribution and Sales.
“Vattenfall wants to give nuclear power the special focus it requires and therefore we are establishing the new Business Division Nuclear which will focus on existing and possible future nuclear activities,” said Vattenfall’s CEO Øystein Løseth.
The Generation segment will comprise of four divisions: BD Sustainable Asset Development, BD Production, BD Nuclear and BD Asset Optimization and Trading. The Distribution and Sales segment will possess Business Division Distribution and Sales. The renewables segment will be discontinued and the operations of Business Division Renewables will be split and moved to BD Sustainable Asset Development and BD Production under the Generation segment.
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