News item | 2011-09-30 | 14:00 PM

Vattenfall´s strategy to reduce CO2 emissions unchanged

Single or parts of coal power plants might be sold.

Vattenfall's strategy to reduce carbon emissions to 65 million tonnes in 2020 remains unchanged. In order to achieve that strategy, Vattenfall has sold its coal power plants in Poland.

To achieve the strategy, parts of, or single coal power plants in both Germany and the Netherlands might be sold or "mothballed". There may be power plants that are unprofitable and/or are old and therefore emit more carbon dioxide.

There are no concrete plans to sell coal fired power plans in the core markets at the moment. Oystein Loseth has referred to the overall strategy to reduce CO2 emissions, as announced in September 2010. But decisions of this kind have to be made by the owner.

If Vattenfall does not acquire permission to store CO2 with the CCS technology, it will impede for Vattenfall to achieve its CO2 reduction goals.

Vattenfall presented the plans recently at Capital Market Day. There are no plans to sell the entire operations in Germany or the Netherlands.

Germany and the Netherlands together with Sweden will remain Vattenfall's three core markets.