



GDF SUEZ, through its subsidiary Electrabel, has begun construction of an 800 MW combined biomass/coal fired power station in Rotterdam. The project represents a total investment of €1.2 billion, giving a significant boost to regional employment and economic development over the next few years. It forms part of a wider investment programme that will see GDF SUEZ spending €30 billion over the period 2008-2010.
The decision will contribute to the security of electricity supply in western Europe. It is also in line with the strict Electrabel and GDF SUEZ guidelines for environmental performance and the fight against global warming.
This investment confirms the ambition of GDF SUEZ to remain a leading player in the North-West European market made up of the Benelux, Germany and France. Now that the inter-grid connection capacity between these countries has been upgraded and the French, Belgian and Dutch power exchanges have been unified, power can be shunted and traded around to such an extent that these countries can be considered as a single, integrated market. The Maasvlakte site in Rotterdam offers huge advantages in terms of logistics, for supplies of coal and biomass, cooling water and connections to the high-voltage grid. Construction of the power station is scheduled for completion in 2013.
In the Netherlands, GDF SUEZ realized a sales turnover of near €5 billion in 2008, employing more than 11,000 people through its various subsidiaries. The Group already has a strong presence in the country especially through E&P (number one foreign player), electricity generation (first private power producer) and the energy services (Cofely is actually building the energy supply system for the Amsterdam’s new district ‘Overhoeks’).
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