Total buys two gas power plants in France to strengthen its generation capacity

PARIS: French oil and gas major Total said it had signed an agreement with KKR-Energas to acquire its two gas-fired power plants in the north and east of France, to strengthen its power generation capacity.

The two plants represent an electricity generation capacity of about 825 megawatts.

The group, which is expanding in the French electricity market after its $1.7 billion acquisition of French alternative electricity provider Direct Energie, has said it plans to have a global power generation capacity of 10 gigawatts within five years.

Published in The Economic Times, 26th July, 2018