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RWE and Gazprom Stopped Talks on Joint Construction and Operation of Power Plants in Europe

RWE and Gazprom were not able to reach the agreement on joint construction and operation of power plants in Europe, the press-release of the German company says.

“RWE and Gazprom today decided by mutual agreement to terminate at the end of the year their exclusive talks on a potential joint venture for the construction and operation of power stations in Germany, the UK and the Netherlands”, — the press-release of RWE says.

These talks had started in July this year, when the parties agreed to consider the potential possibilities for cooperation by the end of the year.

Dr. Juergen Grossmann, CEO of RWE: “Although our discussions were conducted in a very constructive manner we were unfortunately not able to agree on a framework for cooperation which would be sustainable for both parties”.

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