The head of RWE-Dea has confirmed what his company's German utility parent RWE said last month — that the upstream division, established more than 112 years ago, will not escape a massive groupwide divestment program (IOD Aug.9'11). Thomas Rappuhn said RWE-Dea has been asked to contribute to the ?11 billion ($15.9 billion) program, which runs until the end of 2013. "At the moment we're looking where we can achieve this," he told reporters in the Dutch town of Zwijndrecht, near Rotterdam, on Wednesday. "Parts of licenses could be divested or reduced ... but we aim to keep growth areas going." He said RWE-Dea is focusing on portfolio optimization in the hope this may be enough to count as the upstream unit's contribution to the sales.
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