Germany's 'Unlawful' Closure of Nuclear Reactors
GALWAY, IRELAND--January 17, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The decision by Germany's government to force the temporary shut-down of the Biblis nuclear plant in 2011 after the Japanese Fukushima nuclear accident earlier that year has been ruled unlawful by the country's Supreme Administrative Court.
The decision is a victory for plant owner RWE AG (OTC:RWEOY) (Essen, Germany) which is expected to seek compensation thought to be almost 200 million from the government for losses in that first three-month shut-down.
