Making the wrong call on power projects can be expensive
Really interesting article about the decline of coal fired generation in City AM, setting out how making the wrong call on power projects can be expensive.
Most telling statistic is the sad sorry tale of the Westfalen power station in Hamm, Germany; built by RWE for €1.4bns as recently as 2008, this behemoth is now being sold for scrap for €50m. That’s serious destruction of shareholder value.
Read the whole article here.