Buschhaus power plant to be transferred to standby mode for backup purposes (Sicherheitsbereitschaft)
Mitteldeutsche Braunkohlengesellschaft mbH (MIBRAG) is going to make a significant contribution to the achievement of the climate protection targets set by the federal government which plans to put brown-coal fired power plant blocks with a total capacity of 2.7 GW to standby mode for backup purposes (Sicherheitsbereitschaft) until 2020.
On October 26, 2015, MIBRAG Supervisory Board approved a Letter of Understanding with the Federal Ministry for Economic Affairs according to which Helmstedter Revier GmbH’s Buschhaus power plant with a net capacity of about 350 MW shall be transferred to standby mode for backup purposes (“Sicherheitsbereitschaft”) as of 1 October 2016 for a period of four years and the company shall be compensated for such arrangement. According to the Federal Ministry for Economic Affairs and Energy, the utilities will receive in average ca €230 million annually over the period of seven years. The final legal framework is expected at the end of the second quarter 2016 and will be subject to the approval of the German Parliament and relevant competition authorities.
Questions from analysts will be answered by EP Energy management at the regular conference call schedule for 27th November in conjunction with the presentation of EP and CE Energy´s 2015 January-September results, details will be published on www.epenergy.cz