Riyadh's PSU tops Saudi universities in research quality    Historic Jeddah hosts 'Ramadan Season 2025' with diverse cultural events    Project launched to evaluate degraded sites in Saudi regions    Bevatel leads the WhatsApp Business API and Meta Solutions for GCC businesses    Aramco reports $106.2 billion net income for 2024    Trump's tariffs risk economic turbulence and voter backlash    Two dead after car plows into crowd in Germany    Pope Francis 'alert' after respiratory failure    Trump pauses US military aid to Ukraine following disastrous Oval Office meeting    In-person school classes will remain suspended in some parts of Makkah region on Tuesday    Al-Ahli CEO Ron Gourlay to step down in April    HONOR unveils New Corporate Strategy to Transition to an AI Device Ecosystem Company Illuminating a three-step roadmap underpinned by openness and collaboration    MEPCO lays the Foundation for PM5: A Groundbreaking Leap in Paper Production, doubling Supply Capacity and introducing Superior-Quality Paper to the Region    Secure 2030 by Seclore strengthens Data Sovereignty, Cybersecurity and Regulations in Saudi Arabia    UK death rate 'reaches record low'    Anora sweeps Oscars with best picture, best director and best actress for Mikey Madison    Bassogog stuns Al-Ittihad with last-minute equalizer as Al-Okhdood snatches a dramatic draw    Cristiano Ronaldo left out of Al-Nassr squad for AFC Champions League clash against Esteghlal in Iran    Toney's hat-trick stuns Al Hilal as Al Ahli claims thrilling victory in Saudi Clasico    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    SFDA warns against Maragatty chicken broth for containing banned colorants    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Utilities sue over German government's nuclear tax
Published in Saudi Press Agency on 22 - 06 - 2011


Germany's two biggest utilities have sued the
German government, arguing that a tax on nuclear fuel rods is illegal
now that nuclear energy is destined for an early phaseout, dpa quoted executives
as saying Wednesday.
Berlin has budgeted revenue of 1.3 billion euros (1.9 billion
dollars) annually from the tax, which was introduced last year.
Utilities allege they accepted it as part of a political deal last
autumn to extend the lives of nuclear power plants, a deal from which
Berlin has now backed away.
In an about-face, Chancellor Merkel's government decided after the
Fukushima radioactive releases in March in Japan that nuclear power
was unsafe. Under a planned bill, all the power plants must close by
2022.
Essen-based RWE filed suit in a Munich court after its next
instalment of tax fell due with the replacement of fuel rods at its
Gundremming nuclear plant in Bavaria state.
A tax is payable according to the energy yield of each rod of
uranium, the source of the nuclear fission that creates heat to drive
the plants' steam turbines.
The minority owner of the plant, energy major Eon with 25 per
cent, assented to the suit, RWE executives said.
RWE is expected to launch a financial reorganization because of
the partial loss of its investment in its nuclear plants, which must
be powered down and demolished long before their useful lives end.
If confirmed it was offering for sale 75 per cent of its power
distribution subsidiary Amprion, but declined to comment on news
reports that a buyer was in waiting and that the sale was likely to
raise nearly 1 billion euros in cash.
Amprion operates 11,000 kilometres of high-voltage lines.


Clic here to read the story from its source.