E.ON (EONGY.PK) and RWE (RWEOY.PK) scuttle a joint plan to build nuclear power stations in the...

|About: E.ON SE ADR (EONGY)|By:, SA News Editor

E.ON (EONGY.PK) and RWE (RWEOY.PK) scuttle a joint plan to build nuclear power stations in the U.K. worth up to £15B ($23.78B) - potentially damaging the government's stated goal to see new plants by 2025. The German utilities say they made their "strategic decision" because of the slow pace and high costs of the project.