News Feed

RWE to bring European fossil plants under one umbrella, Tilbury fire hits UK profits 15 August 2012


RWE will bring all of its European fossil plants under one umbrella starting next year, the firm announced today. The move is designed to give the firm more flexibility within the European market.

The announcement came as the firm published its results for the first six months of this year. In the UK, Npower sold slightly more electricity to domestic customers in the first half compared to the first half 2011, and slightly less to business customers. The firm sold almost 12 per cent more gas to residential customers, with business sales flat.

UK revenues were up almost 20 per cent to €4.6 billion. Electricity accounted for €3.1bn, gas €1.2bn. Earnings before interest, taxes, deductions and amortisation (ebitda) were up almost 3 per cent to €470 million. UK operating profit fell 9 per cent to €319 million. The firm blamed poor forward electricity prices and the fire at its 750MW Tilbury biomass plant in February. It said the remaining two 250MW units would be back online by the end of this month.

Source: Utility Week

 

Latest News

  • Mouchel wins £60m Norfolk highways design deal

    Mouchel has been awarded Norfolk County Council’s highways design and professional services contract which is worth up to £60m over 12 years.The contract runs from April 2014 for an initi

    more...
  • Skanska takes to the airwaves with road safety campaign

    Skanksa is turning to local radio to raise awareness among the public about driving safely through road works.For the next fortnight Skanska will be broadcasting a new hard-hitting road safety messag

    more...

  • Latest Jobs

      • Quantity Sur...

        Due to a sharp upturn in work we currently have a fantastic opportunity for an experienced Quantity Surveyor to join our small but highly fo..

        more...

        Supervisor -...

        Freelance only. Day rate: ?275.00Our client, a market leader in the UK civils and construction infrastructure sectors, has recently been a..

        more...

        Health & Saf...

        An excellent opportunity has arisen within one of London\'s largest civil engineering main contracting firms for a HSEQ Manager to oversee t..

        more...
      • Supervisor -...

        Our client, a leading multi-national aggregate and blacktop contracting firm, has an urgent requirement for a Surfacing Supervisor / Site Ag..

        more...

        Schemes Supe...

        Our client, a market leader in the highway maintenance sector, has an urgent requirement for a Schemes Agent / Supervisor to manage a small ..

        more...

        Reactive Mai...

        Our client, a market leader in the highway maintenance industry, has an urgent requirement for an experienced senior Manager to oversee the ..

        more...
      • Operations M...

        As part of an ongoing business growth strategy on the North West region our client, a FTSE 200 market leading infrastructure firm has identi..

        more...

        Quantity Sur...

        We represent one of the largest civils infrastructure firms in the UK. With a number of recent contract wins to their name a vacancy has be..

        more...

        Commercial M...

        Our client, a leading civils infrastructure consultancy has recently been awarded a number of key projects in the South East and urgently re..

        more...
      • Street Works...

        Our client, a leading civil engineering contractor, has an urgent requirement for an experienced Streetworks Co-ordinator to join the planni..

        more...
    •  
    • View All Jobs
    • Candidate Register
    • Client Register
    • Member Login
    • Contact Us