Two Swedish nuclear reactors face closure

E.ON- owned OKG plans to shut down two nuclear reactors at its Oskarshamn plant in Sweden.

The company said it will decide on the fate of the facilities in the third quarter. The 638 MW nuclear reac Oskarshamn tor has been offline since May 2013 and may never restart if OKG board decides to shut it permanently, the operator added.

"E.ON has informed of its intention as majority owner of OKG AB to pursue a direction to permanently discontinue electricity production at OKG unit 2 as soon as possible," OKG said in a market message.

The German power group also wants to discontinue power production at the 473 MW Oskarhsman-1 nuclear reactor after receiving relevant permissions from the regulator, which is expected sometime during the period 2017-2019, it said in a separate message.

E.ON has 54.5 per cent stake in Oskarshamn plant on Sweden's eastern coast, and Finland's Fortum holds the remaining 45.5 per cent.

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