RWE Mothballs New German Gas-Fired Plant

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'.