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
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.