March 12, 2019 / 9:09 AM / 9 months ago

Uniper to demand meaningful compensation for Datteln 4 plant

A logo of the German energy utility company Uniper SE is pictured at their headquarters in Duesseldorf, Germany April 19, 2016. REUTERS/Ralph Orlowski/File Photo

FRANKFURT (Reuters) - Uniper will seek meaningful compensation for its new 1.5 billion euro (£1.3 billion) Datteln 4 coal-fired power plants should the German government ask keep the station off the grid as part of an agreed plan to phase out coal.

“Our base case scenario is to complete the plant and run it until 2038,” Chief Financial Officer Christopher Delbrueck told analysts on Tuesday after presenting full-year results.

Uniper plans to start commercial operations at Datteln 4, which has been plagued by several delays, in summer next year. Germany in January announced efforts to phase out coal-fired power generation by no later than 2038.

Reporting by Christoph Steitz; Editing by Tassilo Hummel

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