M&A Activity • Apr 20, 2010
M&A Activity
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GDF SUEZ Energy UK have continued their contracting success of recent times by securing electricity contracts with 5 of the UK's leading water companies, equating to almost a 30% market share in the regulated water sector and totalizing 9 TWh of contracted business, for an estimated turnover of £600 million over the 5 years (682 MEUR*).
The contracts, with supply periods of up to 5 years, have been won against intense competition and display the flexibility and innovation for which GDF SUEZ Energy UK have become renowned.
Julian Okoye, Wessex Water, said, "We chose GDF SUEZ Energy UK to be our energy supplier because they demonstrated to us how they could deliver an innovative and efficient energy service. Not only could they give us competitive prices for the duration of our contract, they also impressed us with their high level of customer responsiveness, their willingness to accommodate our specific requirements and their flexible and transparent contracts."
Marc Hirt, President of GDF SUEZ Western Europe and CEO of GDF SUEZ Energy UK said, "GDF SUEZ Energy UK is very proud of its achievements in the water sector. Our success has to be attributed to our high degree of flexibility which allowed us to meet the customer's expectations. This, coupled with our high standard of professionalism and expertise, meant that we could ensure that the whole deal was put together to the satisfaction of all parties."
*exchange rate on 20th April 2010
Notes:
GDF SUEZ Energy UK is well established as a specialist energy supplier to industry and commerce across the UK, as well as a growing player in the electricity generation arena. It is a major player in the HH (half hourly) sector and has an electricity portfolio of 10 TWh.
As a major energy supplier to industrial and commercial customers in the UK, GDF SUEZ Energy UK offers an innovative range of energy supply products to meet the requirements of all types of business, from small industrial and commercial companies, to energy-intensive industrial plants.
Since 2002, GDF SUEZ has been investing in new electricity capacity in the UK. The company owns and operates Shotton Combined CHP power station (210 MW) and Teesside power station (1875 MW) which is Europe's largest Combined-Cycle Gas Turbine (CCGT) CHP electricity generation plant. The company has recently finished construction of its first windfarm project at Craigengelt in Scotland (20 MW).
20 April 2010
One of the leading energy providers in the world, GDF SUEZ is active across the entire energy value chain, in electricity and natural gas, upstream to downstream. It develops its businesses (energy, energy services and environment) around a responsible-growth model to take up the great challenges: responding to energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. GDF SUEZ relies on diversified supply sources as well as flexible and high-performance power generation in order to provide innovative energy solutions to individuals, cities and businesses. The Group employs 200,650 persons worldwide and achieved revenues of €79.9 billion in 2009. GDF SUEZ is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone.
Tel France: +33 (0)1 57 04 24 35 Tel Belgium: +32 2 510 76 70 E-Mail: [email protected]
Tel: +33 (0)1 57 04 66 29 E-Mail: [email protected]
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