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UK coal power station owner seeks aid from German government

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theguardian.com

The owner of the Ratcliffe-on-Soar power station is in talks with the German government to secure emergency state support after Russia slashed its gas supplies.Uniper has issued a profit warning and is discussing “stabilisation measures” with German officials after Russia’s Gazprom delivered just 40% of the gas it had ordered.The German group said it expected its earnings to be “significantly below” previous years as a result.

Its shares plunged nearly 20% in response.Russia has been limiting gas supplies to western Europe since the start of the war in Ukraine.

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