RWE Sends Mixed Messages On Czech Gas Network Sale

August 15, 2011
RWE Czech Republic announced on Wednesday that due to the German government’s resolution to phase out nuclear power, EU unbundling legislation, and challenging economic conditions, the German energy giant had decided to sell off more assets than previously planned including daughter company Net4Gas, which owns and operates the Czech gas pipeline network.

A spokesman for RWE Group, however, said the sale was only being considered and no definite decision had been made.

Copyright 2011, Czech Position. All rights reserved.