Essen, 01 September 2004This pressinformation is more than two years old

RWE Power signs agreement on sale of its stake in the Turkish Iskenderun coal-fired power plant

RWE Power AG today signed a share purchase agreement with OYAK, a Turkish pension fund, regarding the sale of RWE Power's 25% interest in Iskenderun Enerji Üretim ve Ticaret A.S., Ankara ("ISKEN"). The closing is contingent upon customary conditions, such as approval by the Supervisory Boards of RWE Power and RWE AG and anti-trust approval by the Competition Authority of the Republic of Turkey. It was agreed not to disclose the purchase price.

This transaction represents another milestone in RWE's strategy of serving as an integrated utility provider in its core regions. ISKEN owns and operates a 1,210 MW hard-coal fired power station as an independent power producer (IPP). The plant, which accounts for nearly 8% of the Turkish power supply, is situated in the Bay of Iskenderun on the southern coast of the Republic of Turkey.


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: This pressinformation is more than two years old