by vera eckert christoph steitz and tom kckenhofffrankfurt feb 20 reuters britains decision to withdraw from the european union is no reason for swedish utility vattenfall to shrink its local presence its finance chief said adding the group was there to stay and even planning to expand its businessbritains brexit decision does not include plans for the country to turn away from two of its core energy goals reducing greenhouse gases emissions and cutting dependency on foreign suppliers stefan dohler told reuters in an interviewwe have great faith in the overall situation in uk energy said dohler britain has a capacity problem and aims to curb its energy dependency on imports thatll be favourable for renewable energy he addedat 703 megawatt mw britain accounts for 28 percent of vattenfalls wind power capacity including the onshore projects pen y cymoedd pyc in wales 230 mw and ray 50 mw in northern england it is also developing the 100 mw aberdeen offshore parkin addition vattenfall coowns the northconnect power cable project which aims to bring norwegian hydro and power to the ukfuture business in britain where vattenfall plans to invest 4 billion swedish crowns 449 million this year and next could include distribution and services said dohler who took over as finance chief at vattenfall in decemberwe feel at home there we dont see any threats to our businessbritain faces an energy supply crunch by the early 2020s as coalfired power stations close and its oil and gas production declinesthat is why it has put in place capacity auctions under which it pays plant owners to ready backup power to head off shortages a scheme that suffering european power generators would love to see emulated elsewhereasked about currency risks dohler said vattenfall would seek to hedge its positions with the aim of softening the blow from falling revenues in pound sterlingthat is not unusual we would always guard ourselves against currency risks when taking investment decisions he said 1 89074 swedish crowns editing by victoria bryan