RWE sale of npower 'threat to energy industry investment'
Originally posted by 5corpio

Britain's desire to boost investment and competition in the energy sector will be threatened if German utility group RWE presses ahead with a £5bn sale of npower, MPs have warned

Goldman Sachs is understood to have been hired by RWE to conduct a strategic review of npower, one of the UK's "big six" energy firms.

This has been prompted by RWE's net debts of €27bn (£24bn) and concerns about the Coalition's energy policy, which threatens to diminish profit margins and require billions of pounds of investment in next-generation power stations.

Tim Yeo, the MP and chairman of the Energy and Climate Change Select Committee, said the potential sale is "worrying".

"In the work my committee has done this year we have seen a problem in how we will attract the investment needed into this...Read more on this HERE