Berlin, Germany
Slogan: Fund for the Financing of the Nuclear Waste Disposal - German public-law endowment
About KENFO: On 16 June 2017, the German Nuclear Waste Disposal Financing Act came into force and "Fund for the Financing of the Nuclear Waste Disposal" (KENFO) was set up as a public-law endowment by the German federal government. On 3 July 2017, the operators of all of the 25 German nuclear power plants fulfilled their legal obligation to fund the endowment with a total amount of 24.1 billion Euros. The purpose of the fund is to ensure the financing of the interim and final disposal of radioactive waste resulting from the commercial exploitation of nuclear energy for the production of electricity in Germany. With approximately 24 billion Euros in assets under management, KENFO is Germany’s largest public endowment and first sovereign wealth fund. As such, it reimburses the federal government for the costs being incurred for the safe disposal of radioactive waste. KENFO is managed by a three-member board with Anja Mikus as chairperson. It is under the supervision of the Board of Trustees encompassing members of the Bundestag and the Federal Government. Additional legal oversight is provided by the Federal Ministry for Economic Affairs and Energy, the Federal Ministry of Finance, and the Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety. KENFO‘s head office is located in Berlin.
Founded: 2017
Industries: Platforms, Waste Solution
Headquarter: Germany
Last Investment: N/A
Last Investment Investors: N/A
