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GALWAY, IRELAND--March 14, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Economic pressures have been blamed for RWE AG (OTC:RWEOY) (Essen, Germany) mothballing a new combined cycle gas turbine (CCGT) plant in Lingen, Germany.
The company, which recently posted its first loss in more than 60 years of trading, announced it will take the 500 million plant off the grid from May 1 to August 31 for 'economic reasons'.
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