January 10, 2020 / 11:23 AM / a month ago

German ministry doesn't confirm or deny RWE lignite compensation

BERLIN, Jan 10 (Reuters) - Germany's Economy Ministry would not confirm on Friday that utility RWE could expect some 2 billion euros ($2.2 billion) in compensation over government orders to turn off lignite power stations with a capacity of 2.5 gigawatts by the end of 2022.

Government and industry sources earlier said the utility could expect around 2 billion euros in compensation.

"The figures can't be confirmed or denied," an Economy Ministry spokeswoman told a regular news conference in Berlin. "I can say that the talks with the lignite plant operators are ongoing." (Writing by Paul Carrel; editing by Thomas Seythal)

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