Gaz de France to acquire cogeneration plant in northeast Wales

In the framework of its strategy to develop in Europe all along the gas chain, Gaz de France has acquired, through PricewaterhouseCoopers, the 215 Mw Shotton cogeneration unit in northeast Wales.

Oct. 7, 2003

Doris Leblond
OGJ Correspondent

PARIS, Oct. 7 -- In the framework of its strategy to develop in Europe all along the gas chain, Gaz de France (GDF) has acquired, through PricewaterhouseCoopers, the 215 Mw Shotton cogeneration unit in northeast Wales.

The plant, which was inaugurated in August 2002, operates on natural gas and was built by TXU Europe.

The move bolsters GDF's energy trading position in the UK where its affiliate, Gaz de France Energy Supply Solutions (ESS), is already involved in about 10% of gas sales to the industrial and service sectors.

Through its acquisition in November 2002 of RWE Trading Direct Ltd., which specializes in the sale of electricity to large industrial and service clients, GDF's ESS unit was already in a position to provide its clients with a gas and electricity offer.