POWER: Vattenfall CEO Urges to Europe to Increase Transmission Capacity
Feb-06 09:01
Europe needs to increase its power transmission capacity to ensure energy security, Vattenfall’s CEO Anna Borg said, cited by Reuters.
- “Both from a sort of independence perspective and the security perspective, because also in the geopolitical context, there is a need to be more self-sufficient in Europe in general”, Borg said.
- Borg added that Europe also needs more fossil-fuel free generation capacity. She warned that the demand outlook is currently challenging, with some companies holding back on investment due to an uncertain market and political environment.
- Vattenfall plans to spend 170bn Swedish Krona (€15bn) over the next five years on new wind power and grid projects and the planning of new nuclear generation capacity.
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MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.6%
Jan-07 09:00
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