BKW strengthens its commitment in France
Production International
BKW strengthens its commitment in France
BKW FMB Energy Ltd (BKW) is engaged in acquiring from Ascométal the Allevard hydroelectric power plant group in the French Alps near Chambéry. The Allevard power plant group comprises four hydroelectric power plants with a collective capacity of 30 Megawatts (MW) and an annual production volume of around 140 Gigawatt hours. The parties have agreed not to disclose the purchase price. The transaction is subject to the approval of the responsible French authorities.
BKW is aiming to expand its hydroelectricity capacities in France. In addition to the selective acquisition of generating facilities, BKW will become actively involved in the forthcoming
invitation by the French government to bid for hydroelectric power plant concessions.
Over the next five years the French government will be inviting bids for ten existing hydroelectricity concessions for a total capacity of 5'244 Megawatts. The first call for tender will commence in
2011.
