Wednesday, February 17, 2016

RWE sues wood coal plant syndicate for one.3 billion euros



RWE (RWEG.DE) has sued a syndicate concerned within the building of German wood coal plant Grevenbroich-Neurath within which 3 staff died, strict concerning one.3 billion euros (1 billion pound) for "culpable breach of duty", a German court aforementioned.

The deaths occurred throughout construction of the plant in October 2007 once a staging folded. As a result, completion was delayed by 2 years, that RWE is currently claiming damages, a spokesperson for the Moenchengladbach regional court aforementioned on weekday.

The plant started operations in August 2012.

The court spokesperson aforementioned the syndicate enclosed Japan's Hitachi (6501.T), German subsidiary Hitachi Power Europe and Alstom Power Systems, that currently belongs to General electrical (GE.N).

A hearing is regular for February. 26, he said, adding that a settlement had not been reached to date, despite intense efforts.

RWE, Germany's second largest utility, confirmed the court's comments.

A spokesperson for Hitachi in FRG declined to inquire into the claims by RWE however aforementioned the syndicate itself was claiming 290 million euros from RWE as a results of the development delay.

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