New delays at coal plant trigger Uniper profit drop
New problems at its Datteln 4 hard-coal power plant have caused a hefty impairment charge at German fossil power generator Uniper. First quarter adjusted EBIT was 350 million euros, down from 514 million euros in the same period a year earlier, the company said in a press release. According to a Reuters report, commissioning of Datteln 4 is “effectively delayed to summer 2020, nine years after it was supposed to enter service”. Datteln 4 is probably the last large coal power plant entering service in Germany, following the start-up of Vattenfall’s Moorburg plant in Hamburg 2014, according to manager magazine. About half of Uniper is owned by German energy company E.ON.