18 Sep '11, 9am

German Giant Siemens Renounces Nuclear Activity: BERLIN: German industrial giant Siemens is turning the page on

German Giant Siemens Renounces Nuclear Activity: BERLIN: German industrial giant Siemens is turning the page on

BERLIN: German industrial giant Siemens is turning the page on nuclear energy, the group's CEO Peter Loescher told the Der Spiegel weekly in an interview published on Sunday. "We will no longer be involved in overall managing of building or financing nuclear plants. This chapter is closed for us," he said, explaining that Siemens would restrict its activity to double-use technology. "We will from now on supply only conventional equipment such as steam turbines. This means we are restricting ourselves to technologies that are not only for nuclear purposes but can also be used in gas or coal plants." The German government announced its decision to abandon nuclear power by 2022 in the wake of the disaster at Japan's Fukushima nuclear plant. Germany is the first major industrialised power to agree an end to atomic power since the disaster, the world's worst since Chernobyl in ...

Full article: http://www.channelnewsasia.com/stories/afp_world/view/115...

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