Vattenfall sells share in coal power plant to Rheinenergie

Swedish power company Vattenfall has sold its 25 per cent share in the hard-coal-fired power plant in Rostoc, Germany, to Cologne-based energy provider Rheinenergie with effect from 1 February 2011.

A purchase price in a low three-figure million-euro range was agreed.

In addition, Rheinenergie is also acquiring the 24.6 per cent share held by Essen-based RWE in the power plant, with the remaining 50.4 per cent continuing to be held by EnBW.

The Rostock power plant has an installed capacity of 553MW and additionally supplies district heating to the grid operated by the Stadtwerke Rostock municipal works.