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Netherlands Considers Buying Nuclear Stake to Extend Operations

POWER

The Dutch government is considering buying a stake in the 515MW Borssele nuclear power plant in a move to extend the power plant’s operations until after 2033, the ministry of energy said, cited by Bloomberg.

  • The move is due to the current shareholders only planning to extend the lifespan of the plant if the government takes on the associated risks of doing so.
  • The plant is currently 70% owned by the firm Zeeuwse Energiehoudster Maatschappij, with the remaining share controlled by Produktiemaatschappij Zuid-Nederland.
  • The country intends to build two more nuclear power plants in addition to the other two planned by the previous ruling government.
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