GDF Suez wins Chile power supply contract
PARIS Dec 16 (Reuters) - French utility GDF Suez said it won an auction to provide 5,040 gigawatt hours of power a year to Chile's central electricity grid for a period of 15 years starting in 2018.
GDF Suez said it will build a 375 megawatt thermal power plant and an associated port, as well as a $700 million transmission line that will connect Chile's northern and central power grids. The plant represents an investment of $1 billion.
"This success, following the energy auction result in Brazil in November, is a new step for GDF Suez to achieve its ambition to be the leading private power producer on the continent within three years," Chief Executive Gerard Mestrallet said in a statement on Tuesday.
The plant is expected to enter service in 2018, GDF Suez said. (Reporting by James Regan; Editing by Geert De Clercq)
© Thomson Reuters 2016 All rights reserved.