The German government has decided not to take over the German branch of grid operator TenneT. The sale of the government company would provide the Netherlands with, among other things, 1.6 billion euros in returns on previous investments. This was already included in the Dutch budget.
TenneT is the operator of the Dutch high-voltage grid, but also of a large part of that of Germany. The company is fully owned by the Dutch Ministry of Finance. The sale of the German branch would yield an unknown amount, but in any case the Dutch national budget expected the recovery of 1.6 billion euros in investments made in 2023. Outgoing Minister Van Weyenberg writes in a letter to the House of Representatives that the German government is stopping negotiations because the country has budget problems.
For the time being, according to Van Weyenberg, the government company must look for new ways to meet the 'financing needs'. ' comply. TenneT Germany needs money, among other things, to strengthen the German high-voltage grid. In the Netherlands, the company received a loan of 25 billion euros at the beginning of this year to expand the power grid.
Leave a Reply
You must be logged in to post a comment.