10 May 2010 – GDF SUEZ Energy Services has announced the acquisition of the UK-based Utilicom Group, following a purchase agreement with the IDEX Group for IDEX Energy UK and its subsidiaries. This strategic investment will create COFELY District Energy, the UK’s largest district energy company.
The Utilicom Group and its subsidiaries deliver over 33,000 tonnes of carbon dioxide emission reductions, predominantly through CHP schemes, meeting the varied heat, cooling and power demands of some of the UK’s most prominent city centres through district energy networks.
Projects in the UK include the Southampton and Birmingham district energy schemes, the London Olympic Park and Stratford City scheme and the Whitehall CHP scheme, which supplies most central government buildings.
COFELY District Energy, which will form part of COFELY’s existing UK energy services business stream, will generate 35 MW of low-carbon electricity, operate 245 MW of boiler plant, 74 MW of chilled capacity and manage 50 km of district heating and cooling pipework.
Wilfrid Petrie, chairman of GDF SUEZ Energy Services Ltd, commented: ‘COFELY District Energy is ideally placed to not only develop the services offered to existing customers but also extend these offerings to a wider customer base. It will also pave the way for COFELY’s further expansion into this rapidly developing sector of the market where, across Europe, the Group already operates in excess of 110 district energy schemes.’