Key Developments: GDF Suez SA (GSZ.PA)

GSZ.PA on Paris Stock Exchange

19.50EUR
19 Dec 2014
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€-0.09 (-0.48%)
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Latest Key Developments (Source: Significant Developments)

GDF Suez SA to build new power plant and transmission line following energy auction in Chile
Wednesday, 17 Dec 2014 07:00pm EST 

GDF Suez SA:Announces that through its subsidiary E-CL, has been in the recent energy auction in Chile.Says the Group will deliver 5,040 GWh per year to the distribution companies of the SIC (Chile’s central electricity system) from 2018 for a period of 15 years.Says the energy will be provided from E-CL’s diversified portfolio of new and existing facilities, including LNG supply from GDF SUEZ SA.Says the auction results will lead to the construction of the 375 MW IEM thermal power plant and an associated port, as well as a transmission line (TEN) that will connect the Mejillones and Copiapo cities.Says IEM will be located in Mejillones, in the Northern system and represents an investment of approximately $1,000 million.Says the environmental permits for the plant have been obtained and an EPC contractor appointed, and the plant is expected to start operation in 2018.Says the energy from this plant will be delivered to the SIC via the 600 km TEN transmission line, which has the potential to interconnect the two main electrical systems in Chile, as well as enable further deployment of non-conventional renewable sources.Says the total investment in the transmission line is estimated at $700 million.  Full Article

GDF Suez acquires Keppel FMO through subsidiary
Friday, 28 Nov 2014 05:00am EST 

GDF Suez SA:Announces purchase of Keppel FMO, subsidiary of Keppel Infrastructure Holdings Private Ltd., via its subsidiary Cofely South East Asia.Keppel FMO employs around 1,000 people and generates annual revenues of around 55 million euros.  Full Article

GDF Suez SA to sell Hungarian power trading unit to MET Group-Reuters
Sunday, 16 Nov 2014 07:00pm EST 

GDF Suez SA:Plans to sell its Hungarian power trading business to Hungarian energy trader MET Group, 40 percent owned by oil and gas firm MOL-Reuters.  Full Article

GDF Suez confirms FY 2014 objectives
Thursday, 13 Nov 2014 01:40am EST 

GDF Suez SA:Confirms FY 2014 guidance: net recurring income group share between 3.1 and 3.5 billion euros, net debt/EBITDA ratio less than or equal to 2.5x and an “A” category rating, a 2014 dividend with a 65-75% payout , with minimum of 1 euro per share, payable in cash.  Full Article

GDF Suez SA and Chubu Electric enter into a medium term LNG sales agreement
Thursday, 6 Nov 2014 07:00pm EST 

GDF Suez SA:Announces the signature of a Heads of Agreement providing for the sale of LNG to Chubu Electric of Japan (Chubu).Says under the terms of the agreement, the company will deliver 20 cargoes (around 1.2 million tons) of Liquefied Natural Gas (LNG) to Chubu for a 27-month period starting in the 1st quarter of 2015.  Full Article

GDF Suez SA signs MOU with Shenergy to promote cooperation in energy sector in Shanghai
Sunday, 2 Nov 2014 07:00pm EST 

GDF Suez SA:Announces that it has signed a cooperation agreement with Shenergy Group, to develop cooperation in energy sector, and joint exploration and sharing of development opportunities in Shanghai.  Full Article

GDF Suez SA and BP Plc make new oil field in the UK Central North Sea
Wednesday, 22 Oct 2014 08:00pm EDT 

GDF Suez SA:Says the company and BP Plc have discovered a new oil field in the UK Central North Sea.  Full Article

GDF Suez SA and Abu Dhabi Water & Electricity Authority sign $1.5 billion financing package
Monday, 6 Oct 2014 08:00pm EDT 

GDF Suez SA:Announces that Abu Dhabi Water & Electricity Authority (ADWEA) and GDF Suez SA have signed a $1.5 billion financing package for the emirate's Mirfa independent water and power project (IWPP).Says the Mirfa IWPP, the tenth such scheme in the emirate, was financed through a mix of bank debt and equity from the shareholders.Says no details on terms for the bank debt were given, nor the split between debt and equity.Says a consortium of 13 local and international financial institutions are funding the project, with nearly $500 million of debt committed by four Abu Dhabi banks.Says ADWEA holds an 80 percent stake in the project, with GDF Suez the remaining 20 percent.Expects to start commercial operations on a phased basis between 2016 and 2017, the Mirfa IWPP will have a total power capacity of 1600 megawatts and 52.5 million gallons per day of seawater desalination capacity.  Full Article

GDF Suez SA acquires Lahmeyer through its subsidiary Tractebel Engineering
Sunday, 14 Sep 2014 08:00pm EDT 

GDF Suez SA:Announces the purchase of Germany-based Lahmeyer through its subsidiary Tractebel Engineering.Says Lahmeyer is a consultancy engineering company specialized in energy and water infrastructures.  Full Article

Celsia signs agreement to buy assets in Panama and Costa Rica from GDF Suez
Wednesday, 13 Aug 2014 04:37pm EDT 

Celsia SA ESP:Signs agreement to buy assets in Panama and Costa Rica from GDF Suez SA.Assets include 120 MW and 160 MW Bahia Las Minas thermal plants (coal and fuel oil plants), 87 MW Cativa, 118 MW Dos Mares hydro complex, and 50 MW Guanacaste wind farm.Transaction value $840 million.  Full Article

GDF Suez seen as likely next major French state asset sale

PARIS, Dec 15 - A 10 percent stake in gas utility GDF Suez, worth about five billion euros ($6.2 billion), could be the first major item on the block in a planned sale of French state assets, sources and analysts say.

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