Vattenfall demands $6bn in compensation from Germany

Swedish power company, Vattenfall, is the latest to file for damages against the German government for the shutting down of its nuclear power plants four years ago.

German Economy Minister Sigmar Gabriel told a parliamentary committee on Wednesday that $6bn in compensation is being sought by Vattenfall who claims its right of ownership was violated by Berlin's decision to shut down all nuclear reactors by 2022, a reaction to the Fukushima incident.
Sigmar Gabriel
Vattenfall filed its claim with an international arbitration court in Washington, Gabriel is quoted as saying by opposition party, die Linke.

Eon, the biggest of the four firms running 17 operational or mothballed reactors, is demanding 380 million euros in compensation while Utility RWE says its compensation claim exceeds 200 million euros.

The Brunsbuettel and Kruemmel plants in the north of the country that were jointly owned by Vattenfall and Germany's E.ON were immediately shut as a result of the order.

At the time, the two plants had a history of technical problems and had been out of service since 2007 and 2009, respectively.


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