RWE Generation: An International Generation Company to Strengthen the RWE Group for the Future
ESSEN, Germany, January 2, 2013 /PRNewswire/ --
- Matthias Hartung to manage new company with 18,000 employees
- Total power generation capacity of ~ 50,000 megawatts at more than 50 sites across Western Europe
International presence, local roots: This is the slogan chosen by RWE Generation SE a new RWE business created to manage a power generation capacity of around 50,000 megawatts at more than 50 sites across Western Europe from 1 January 2013.
"This new international approach to power generation at RWE will help us to ensure success in an increasingly difficult market environment," explained Dr. Rolf Martin Schmitz, Executive Board member for Operational Management (COO) and Deputy Chief Executive Officer of RWE AG. "This move will strengthen the RWE Group for the future and cements our place as one of Europe's leading energy utilities. It is an important milestone in progressing our development programme, RWE 2015."
All of RWE's conventional power plants in Germany, the UK and the Netherlands, as well as RWE Technology GmbH, have been combined to form a new company which will be incorporated as a European joint stock company (Societas Europaea - SE for short).
Newly appointed RWE Generation CEO, Matthias Hartung, said, "Price trends for energy resources and electricity are hard to predict. Future market mechanisms remain unclear and subject to change. Renewable energies are becoming more and more important in the European market. Conventional power plants can only hold their own in today's environment if they are highly efficient, protect the climate and are able to work very flexibly," emphasised Matthias Hartung. "Our 18,000 employees have the highest level of expertise and know-how, and I know that, with this new RWE team working on the operation and continued development of our assets, we can establish ourselves at the top of Europe's power generation sector."
In conclusion, Matthias Hartung, added, "RWE Generation will combine the advantages of a cross-country organisation with RWE's strong presence in our core market countries." This is why the Chief Executive Officers of the national companies - Paul Massara at RWE npower in the UK and Erwin van Laethem at Essent in the Netherlands - will remain the immediate contacts for politicians and the public. "This is how we intend to make our generation business fit for the future."
The foundation of RWE Generation's business strategy is the sharing of best practice and technical expertise across international boundaries to provide the best solutions for the whole business. Moreover the commercial entities will work increasingly closely with the operating units.
Dr. Frank Weigand (Chief Financial Officer), Alan Robinson (Chief Commercial Officer), Dr. Ulrich Hartmann (Lignite / Nuclear Energy / Hydroelectric Power portfolio), Roger Miesen (Hardcoal / Gas / Biomass portfolio ) and Erwin Winkel (Human Resources) also belong to the Executive Board of RWE Generation.
RWE Generation SE
Since 1 January 2013, RWE Generation SE has been the generation company in the RWE Group. The company pools the generation entities and engineering expertise of RWE Power in Germany, RWE Essent in the Netherlands, and RWE npower in the UK. The company has around 18,000 employees and nearly 50 GW of power generation capacity.
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RWE Generation SE
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