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Poweo Direct Energie SA and Siemens AG's Siemens Project Ventures Create Project Company to Build CCGT Power Plant in Brittany

Tuesday, 22 Jan 2013 02:47am EST 

Poweo Direct Energie SA announced that following a tender organized by the French Government, the project to build and operate a power plant in Landivisiau, Brittany has been granted to a consortium consisting of the generation subsidiary of Poweo Direct Energie SA (Direct Energie Generation) for 60% of the capital and Siemens AG's Siemens Project Ventures (SPV) for 40%. This consortium has set up a dedicated project company, the "Compagnie Electrique de Bretagne" (CEB), with the aim to build this 446 MW maximum capacity CCGT power plant, in Landivisiau. The CEB will invest approximately EUR 400 million in this project and plans to have recourse to debt through project financing. The start of the construction is planned in 2014 for a full operational service in winter 2016-2017. 

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15 Aug 2014