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11 June 2008 - Germany's E.ON wants foreign companies to be able to join a mooted venture that groups all German power grids, the finance chief of Europe's largest utility was quoted as saying, reports Reuters.
"We think it could make sense to bring together companies across borders," Marcus Schenck told the German Boersen-Zeitung business daily in an interview.
The most important thing was to ensure better links among regional power markets because that would provide the greatest leverage for cross-border competition.
"It would be conceivable that a network operator active in both the Netherlands and Germany, for instance, has more incentive to work on connections between the countries than a purely domestic operator," he said.
The paper said this suggested E.ON could sell its power network, which it said analysts valued at around €1.8bn ($2.80bn), to Dutch network operator TenneT.
RWE, the German utility that runs the country's long-distance power grid, might join such a German power grid venture, its finance chief told Reuters.
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