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GDF Suez SA Establishes 50/50 Joint Venture with MARUBENI Corp by Selling Its 50% Stake in Thermal and Renewable Power Generation Assets in Portugal

Monday, 5 Aug 2013 04:24am EDT 

GDF Suez SA announced that it has signed a strategic-partnership agreement with the Japanese company MARUBENI Corp with the sale of a 50% stake in its portfolio of thermal and renewable power generation assets in Portugal, representing total installed capacity of 3,300 MW1. The Company will keep a 50% share in the joint venture established by the agreement and along with its new partner will continue to operate and take care of the operational maintenance of the assets. The portfolio is made up of a balanced set of coal- and gas-fired thermal power plants with a capacity of 2,400 MW and renewable assets with a capacity of 900 MW. 

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-3.0 -0.41%
29 May 2015