Vattenfall investigates possible sale of Power Plant Lippendorf

Source:Vattenfall

Vattenfall investigates possible sale of Power Plant Lippendorf

Vattenfall is investigating the possibility of divesting its share of CHP Lippendorf south of Leipzig in Germany. No decision has yet been taken, and Germany continues to be a core market for Vattenfall.

After the successful strategic divestments of non-core market assets of the last recent years (parts of Vattenfall’s business in Belgium, Poland and Finland) Vattenfall currently investigates the potential sale of its share, 50 per cent, block Lippendorf R, in the lignite power plant Lippendorf in Saxony, Germany. Moreover, it is important to point out that Germany continues to be a core market for Vattenfall and the integrated lignite mining and generation activities in Lausitz will continue to be an important part of Vattenfall’s generation portfolio. Vattenfall continues with these decisions to deliver on its strategic direction announced in 2010. Amongst others, the greater focus on profitability and value creation and the reduction of CO2 exposure to 65 million tonnes by 2020 are the main pillars of the strategic direction. A potential sale of our Danish thermal assets and our lignite block Lippendorf R in Germany could contribute significantly to achieve this target.

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