LONDON: Verbund says the plants, with a combined capacity of 312 megawatts (MW), are located along the Inn River in southeast Germany.
Verbund, an experienced hydro operator, submitted the most attractive overall bid at auction after E.ON was last year obliged by the European Commission (EC) to sell around 5,000MW of capacity in its German power plants.
Verbund's criteria included ensuring the continued operation of the sites and securing the jobs of the 215 employees affected.
Chief
