Swedish Vattenfall Teaming Up To Bid For French HydropowerMonday, 26 December 2011
Swedish state-owned utility group, Vattenfall plans to team up with steel maker ArcelorMittal (MT), state-owned railway operator SNCF and chemical company Rhodia, a unit of Solvay (SOLB.BT), to bid for France's hydropower plants due to be auctioned in the coming months, the newspaper Les Echos reported citing unidentified sources from SNCF's labor union.
AdvertisementTAccording to Dow Jones Newswire, the French government is due to auction the rights to operate hydropower plants and dams in the country that are currently operated either by state-controlled utility Electricite de France SA (EDF.FR) or French power company GDF Suez (GSZ.FR).
Vattenfall has already said it planned to bid for the plants and is now seeking partners among France's largest electricity consumers, the newspaper said reports Dow Jones Newswire.
By Scancomark.se Team
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