Will China Power take over Repower’s pumped storage project in Campolattaro?

According to the online news site Il Quaderno, Grisons’ utility Repower met with representatives from China Power and the local administration. It seems Repower seeks to render its pumped storage project Campolattaro palatable for China Power. This comes despite the fact that the pumped storage plant is not economically viable. In Italy, a pumped storage might even be a less interesting business case than a new coal power plant. Repower might also try to sell its failed coal power project in Calabria to Chinese investors.
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Repower: Statement against coal power included in Grisons’ constitution

Today, in a second and final vote, Switzerland’s alpine region Grisons approved what has been referred to as the “anti-coal referendum”. Grisons’ decision stipulates a constitutional amendment banning investments in coal power projects by companies that are co-owned by Grisons, such as Repower. In the southernmost part of the Italian peninsula, Repower’s subsidiary SEI S.p.A. plans the construction of a coal power plant with 1.3 gigawatts capacity. Repower will withdraw from this project before the end of this year — a promise the utility made already in 2013 after voters approved the referendum a first time. Although the result of today’s vote is therefore factually irrelevant, 81% of Grisons voters supported the referendum.
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