Hydroelectric Power plant, Vattenfall wants to do justice to its name
Hydroelectric Power plant
State Power To wash off the dirty coal power stamp and get back a little more of his pure waterfall profile. Instead of coal power plants in Germany now wants to buy hydroelectric power in France.
Vattenfall announced today that it will open an office in France in the autumn and is hiring the 41-year-old Frenchman Frederic Mandeville as country manager.
The reason is that the French government to spend a fifth of the country's hydroelectric concessions for new bids.
France is one of Europe's largest hydroelectric countries with an
installed capacity of 25 GW. There is more than Sweden, which "only" has
16.5 GW of installed capacity.
Today, they are driven state hydroelectric energy companies EDF and GDF Suez, both with large state ownership.
Now you want French government to increase competition and allow more to help drive hydroelectric plants.
The concessions which will now be renewed include the 5.3 GW of installed capacity.
Last spring I Vattenfall new directive from the government with demands
for more carbon free power generation and in September was the new
strategy in place.
- Vattenfall's new strategic focus aimed at increasing company profits,
increased value, reduced liabilities and a reduction in CO exposure.
Vattenfall is aiming thereby to be one of the companies leading the way
towards an environmentally sustainable energy production.
And today, he writes in a press release:
- In line with the new strategic direction, Vattenfall has the ambition to grow in energy with low environmental impact.
Ten years ago, Vattenfall, a Swedish company with hydro and nuclear power in the program.
Then, Lars G. Josefsson, president of the seat with a mandate to ensure
that Vattenfall grew in Europe in the European electricity market was
deregulated.
In rapidly bought up Waterfall German and Polish coal.
But it was not the coal at any time without the old East German lignite
works that are even more environmentally unfriendly than conventional
coal power plants.
Today, Vattenfall is no longer a Swedish carbon neutral electricity, but
a large European energy company with half its energy from fossil fuels -
coal and gas.
It is the profile that will now be changed.
- Renewal of the French hydro concessions have the potential for further
development of Vattenfall's already strong portfolio of hydro, writes
Waterfall in its press release.
