FRANKFURT (Reuters) – RWE <RWEG.DE>, Germany’s No.1 electricity provider, could decide to sell its 70% stake it holds in the 775 megawatt gas-fired power plants in the Turkish city of Denizli if there are buyers, its chief financial officer said.
“You can imagine that we are not having a great time with it at the moment,” Markus Krebber told journalists after releasing nine-month results, but added that the group was not actively pursuing a sale at the moment.
RWE owns 70% in RWE & Turcas Guney Elektrik Uretim A.S., a joint venture with Turcas Petrol <TRCAS.IS> that owns the plant. Turcas owns the remaining 30%.
(Reporting by Christoph Steitz and Vera Eckert, editing by Riham Alkousaa)