German owner of Nottinghamshire power station reports huge loss


German owner of Nottinghamshire coal-fired power station reports huge loss just weeks after agreeing a bailout deal

German energy giant Uniper, which owns the Ratcliffe-on-Soar coal-fired power station in Nottinghamshire, has reported a mammoth loss just weeks after agreeing a bailout with the German government.

Uniper was handed a whopping £13billion in exchange for a 30 per cent equity stake in July after being left stranded by the drop in gas deliveries from Russia in the fallout from the war in Ukraine.

Yesterday, it posted a £10billion loss for the half-year, which was worsened by a £2.2billion charge which included a loan to the now-shelved Nord Stream 2 pipeline project.

German energy giant Uniper, which owns the Ratcliffe-on-Soar coal-fired power station in Nottinghamshire (pictured), was handed £13bn in exchange for a 30% equity stake in July

German energy giant Uniper, which owns the Ratcliffe-on-Soar coal-fired power station in Nottinghamshire (pictured), was handed £13bn in exchange for a 30% equity stake in July

Uniper chief executive Klaus-Dieter Maubach warned that Europe faced a grim energy outlook this winter.

Germany and other EU nations have rushed to fill up gas storage facilities before a potential cut in Russian gas supplies.

Uniper has around 11,500 employees and operates in more than 40 countries. As well as the Ratcliffe-on-Soar site it has a string of UK gas plants.

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