BRUSSELS, March 12 Belgian electricity company
SPE said on Wednesday it had bought 635 megawatts of nuclear
energy capacity from Suez's LYOE.PA Electrabel, boosting its
share of Belgium's nuclear market to some 15 percent.
SPE, partly owned by Gaz de France GAZ.PA and Britain's
Centrica (CNA.L), said it was a three-part deal.
It bought 285 megawatts of supply until at least 2025, in
the first part, then a further 100 megawatts of capacity in
exchange for capacity from a plant at Chooz in France. The final
250 megawatts will result from acquired capacity from
Electrabel's Belgian nuclear plants.
An SPE spokesman said the transaction would be effective
from the summer. It would mean SPE would possess 10 percent of
Belgian nuclear power capacity and have rights to a further 5
Its share of the Belgian electricity market would increase
to around 11 percent from 9 percent currently.
No financial details of the deal were disclosed.
The transfer is related to Suez's merger with Gaz de France,
which is seen taking place by the end of June. Gaz de France is
obliged by regulators to sell its indirect stake in SPE.
Belgium wants to have at least three major players in its
(Reporting by Philip Blenkinsop; editing by Rory Channing)