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German
industrial and engineering conglomerate Siemens is to withdraw entirely from
the nuclear industry.
Siemens will continue to work in the power industry but drop out of the nuclear sector |
The move is
a response to the Fukushima nuclear disaster in Japan in March, chief executive
Peter Loescher said.
He told
Spiegel magazine it was the firm's answer to "the clear positioning of
German society and politics for a pullout from nuclear energy".
"The
chapter for us is closed," he said, announcing that the firm will no
longer build nuclear power stations.
A
long-planned joint venture with Russian nuclear firm Rosatom would also be
cancelled, although Mr Loescher said he would still seek to work with their
partner "in other fields".
He said
Siemens would still make components, such as steam turbines, used in the
conventional power industry that can also be used in nuclear plants.
Mr Loescher
also gave his backing to the German government's planned switch to renewable
energy sources, calling it a "project of the century" and claiming
Berlin's target of reaching 35% renewable energy by 2020 was achievable.
The German
chancellor, Angela Merkel, announced at the end of May that all of the
country's 17 nuclear reactors would be shut down by 2022.
Prior to
the Fukushima disaster, nuclear power accounted for 23% of electricity
production in Germany.
The
decision marked a complete U-turn by the chancellor, who only in September 2010
had announced that the life of existing nuclear plants would be extended by an
average of 12 years.
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