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Essent and RWE sign Sustainability Agreement

Essent and RWE have entered into a binding agreement for investments into sustainable power generation in the Netherlands.

Binding agreements have been made in the Sustainability Agreement with regard to:

* Affordable and sustainable power production
* Investment focus on the generation of sustainable energy and a reduction of CO2 emissions
* Investment in innovation
* Excellent service to customers at competitive prices.

This agreement and the related Development Plan serve to reconfirm RWE's intended investments in the Netherlands. From 2009 to 2013, several billion euros will be invested
in the following areas, amongst others:

* Offshore and onshore wind power: 2,000-2,500 MW
* Power plants:
• Biomass/coal-fired power station in Eemshaven, carbon capture and storage ready (more than €2 billion)
• Modernisation of existing power plants
• New state-of-the-art gas-fired power plants (Moerdijk and Maasbracht)
* Ensuring security of supply of gas through, for example, the expansion of capacity for gas storage
* Optimisation of customer service
* Investment (including research) in the utilisation of sustainable technologies such as heat pumps, decentralised power generation and micro combined heat and power plants

Source : Communiqué RWE

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