Risk.net

E.ON stands by energy investment

Despite declining energy demand from industrial power consumption, German utility E.ON plans to stand by its energy infrastructure investment scheme to "make a major contribution towards overcoming the economic crisis", according to CEO Wulf Bernotat.

E.ON intends to invest about EUR30 billion ($41 billion) during 2009-2011, EUR6 billion less than originally planned. However, the company says that projects dropped from the investment period have been delayed rather than cancelled.

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