Germany to pay coal plant operators 4.35 bn euros over shutdown


File photo: CGTN

German finance minister Olaf Scholz said Thursday coal plant operators would receive billions of euros in compensation for the planned shutdown of electrity generation using the fuel.

The government will pay companies running power plants set to shut down this decade a total of 4.35 billion euros ($4.9 billion) "over the 15 years following the shutdown," Scholz told reporters in Berlin, calling the cost "affordable".