GDF SUEZ and Eletrobras sign a joint agreement for developing energy projects , GDF Suez

Release Date: 2010-09-03

Gérard Mestrallet, Chairman and CEO of GDF SUEZ, and José Antonio Muniz Lopes, CEO of Eletrobras, signed a partnership agreement to develop joint energy projects.

The agreement provides for joint research, project development, and energy production and transmission ventures in renewable energy and/or other energy sources. Geographically, the agreement covers all countries in Central and South America and Africa. In Brazil, GDF SUEZ and Eletrobras will analyze project opportunities on a one-off, case-by-case basis.

The agreement is also intended to promote technical and technological sharing between the two Groups and their respective personnel.

With its very high demand for energy and strong potential for renewable energies, Latin America is a key market for GDF SUEZ. The Group is Brazil’s largest private energy producer where it is currently completing two major hydroelectric projects. In Chile, GDF SUEZ is the largest private electricity producer in the country’s northern network and is Peru’s second largest private electricity generator. In Central America, the Group controls Panama’s largest thermal power complex.

Eletrobras is the largest electricity company in Latin America and the Brazilian market’s uncontested leader.

With a presence throughout the entire country, Eletrobras is government-owned and has generating capacity of 39,453 MW, accounting for 37% of the country’s total capacity. Its energy production base includes 29 hydroelectric dams, 15 thermal power stations, and two nuclear power plants. Eletrobras also operates a nearly 60,000-kilometer electricity transmission network.

Eletrobras also has expertise in the field of energy efficiency and is responsible on the country’s behalf for implementing the National Program of Electric Power Conservation (Procel). This program promotes rational energy use and combating energy waste.

Type:	NORMAL
Company:	GDF Suez
Country:	France