Germany to Keep All Its Nuclear Power Stations Operating
    2010-01-24 08:38:31     Xinhua      Web Editor: Cao
Germany will keep all its 17 nuclear power stations operating, including two which were planed to close down after negotiation between government and utility companies, reported by local magazine Der Spiegel on Saturday.
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Germany will keep all its 17 nuclear power stations operating, including two which were planed to close down after negotiation between government and utility companies, reported by local magazine Der Spiegel on Saturday.

The German government and executives responsible for nuclear power at Germany's top four energy utility companies began their negotiations on a possible extension of the lifespans of the country's nuclear power stations on Thursday, reported by Der Spiegel.

The two older reactors planned to be closed down in the near future, Biblis A in state of Hesse and Neckarwestheim I in state of Baden-Wuerttemberg, will remain operating till the current government completes its general energy program, expected in October.

Local media took this decision as a step went against the Nuclear Exit Law, enacted during Germany's Social Democratic-Green party government under Gerhard Schroeder, which plans to gradually phase out nuclear power in Germany.

However, this result was not surprising as maintaining those nuclear power stations will bring great interests to both utility companies and the German government.

The profits for four energy companies would stand to make 233 billion euros (about 329 billion U.S. dollars) if the lifespans of existing German nuclear power stations are extended by 25 years, at a price of 80 euros per megawatt hour, reported by Der Spiegel, and the profits could increase to 339 billion euros depending on how many years the stations are kept online and how high electricity prices remain.

The deal could also prove to be a cash cow for the German government, said Der Spiegel, as the government is going to demand at least 50 percent of the new profits for extending the lifespan of Germany's nuclear power stations.

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