E.ON SE and Mitteldeutsche Braunkohlengesellschaft (MIBRAG) have signed a contract for the sale of the Helmstedt coalfield. MIBRAG is taking over the company in Helmstedt, created through its hive-off from E.ON Kraftwerke, as a wholly owned subsidiary. The new subsidiary will largely comprise the Buschhaus power plant and the open-cast mine at Schöningen. The new company will be called Helmstedter Revier. Furthermore, as part of the transaction, the central German mining company is assuming the restoration and recultivation obligations relating to the Helmstedt coalfield.
The Buschhaus lignite-fired power plant has a capacity of around 390 MW and was commissioned in 1985. According to the previous plans of E.ON, operation of the Buschhaus power plant was to be discontinued when the deposits in the adjoining Schöninger open-cast mine were exhausted, probably in 2017. MIBRAG will continue to operate the power plant, supplying it with lignite from the central German coalfield.
MIBRAG is a lignite mining company active in Saxony and Lower Saxony (Germany). The company has been fully owned by the Czech company Energeticky a prumyslovy holding (EPH) since 2011, when CEZ sold its 50% stake in the company to its partner.
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