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RWE has not applied for KfW loan to tackle margin calls

RWE has not applied for KfW loan to tackle margin calls
RWE has not applied for KfW loan to tackle margin calls   -   Copyright  Thomson Reuters 2022
By Reuters

FRANKFURTRWE, Germany’s largest power producer, has not applied for a loan from state lender KfW to increase its liquidity headroom to tackle higher power prices, it said on Monday in an emailed response to questions.

A source close to the finance ministry had told Reuters on Sunday that an unnamed German energy firm had applied for a 5.5 billion euro ($6.02 billion) loan to cover margin payments tied to energy sales hedges.

($1 = 0.9132 euros)