Nuclear U-turn “not rational”, says German official
Citing minutes taken at an event hosted by industry association BDI, the daily Sueddeutsche Zeitung said the comments by Rainer Bruederle surprised the 40 or so top managers at the meeting.
"The minister... illustrated that with the upcoming state election, pressure was weighing on politics and decisions would not always be rational," the paper quoted the minutes as saying.
Bruederle defended atomic power at the meeting, which was attended by two power company CEOs, Juergen Grossmann from RWE and Johannes Teyssen of E.ON, saying there was no way to avoid its use, especially for energy-intensive industries.
Merkel's party faces tough elections in states where anti-nuclear sentiment is strong.
Following the nuclear crisis in Japan, the moratorium Merkel declared on March 14 — the same day the BDI meeting took place — led to the closing of seven of the country's 17 nuclear plants for at least three months.
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China aims to reduce coal power production
BEIJING - China plans to slash coal-fired power capacity at its five biggest utilities by as much as a third in two years by merging their assets, according to a document seen by Reuters and four sources with knowledge of the matter.
The move to shed older and less-efficient capacity is being driven by pressure to cut heavy debt levels at the utilities. China, is, however, building more coal-fired power plants and approving dozens of new mines to bolster a slowing economy.
The five utilities, which are controlled by the central government, accounted for around 44% of China’s total coal-fired power capacity…
