Engie Wins Concession Contracts for Two Brazilian Power Plants
September 28 2017 - 12:39PM
Dow Jones News
By Max Bernhard
Engie SA (ENGI.FR) said Thursday it won concession contracts for
two Brazilian hydropower plants for a total of around 950 million
euros ($1.12 billion).
The French company said it won concession contracts from the
Brazilian government for two plants located in Brazil. The
concessions are valid for a 30-year period and will strengthen
Engie's position as the largest private energy producer in Brazil,
the company said.
"These contracts are a tremendous success that represent a great
growth opportunity for Engie, in line with the group ambition to
develop low carbon power production," said Mauricio Baehr, chief
executive of Engie Brazil.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
September 28, 2017 12:24 ET (16:24 GMT)
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