GDF Suez Inaugurates Estreito Hydro Power Plant in Brazil
17 Oktober 2012 - 6:07PM
Dow Jones News
PARIS--French power company GDF Suez (GSZ.FR), through its
subsidiary Tractebel Energia, Wednesday said it inaugurated a new
hydroelectric power plant at Estreito in Brazil.
MAIN FACTS:
- Tractebel Energia is responsible for the operational
management on behalf of the consortium that owns the plant and
includes Vale (VALE), Alcoa (AA) and Intercement.
- GDF Suez Chief Executive Gerard Mestrallet said Brazil is at
the heart of the group's strategy in Latin America.
- GDF Suez sold its 256 megawatt stake of guaranteed energy
output in the Estreito plant at the Brazilian power auctions in
October 2007, in the form of 30-year term Power Purchase Agreements
with distribution companies, starting from 2012.
-Write to Mimosa Spencer at mimosa.spencer@dowjones.com
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