HomeDecentralized EnergyCogeneration CHPCHP plants included in $1.6bn EDF Poland acquisition

CHP plants included in $1.6bn EDF Poland acquisition

The sale of EDF’s power plants in Poland have been concluded with coal and gas-fired cogeneration facilities passing into the ownership of PGE Polska Grupa Energetyczna.

The $1.6bn transaction was completed on November 13th, following comprehensive regulatory approval.
It contributes to a reduction of EDF group net debt by $1.2bn, as well as a 23% reduction in the group’s carbon footprint, EDF said Tuesday.

The deal, announced in May, is part of EDF’s $11.8bn divestment plan over the 2015-2020 period. To date, the French energy giant has completed the disposal of $9.4bn in assets.

PGE, which is the largest electricity producer in Poland, now owns the Rybnik generation plant, the coal cogeneration plants of Krakow, Czechnica, Gdansk, Gdynia, Torun and Wroclaw, as well as the gas-fired cogeneration plants of Zawidawie and Zielona Gora. The acquisition also includes the heat distribution networks of Czechnica, Torun, Zawidawie and Zielona Gora.

The French group maintains a presenceà‚ in Poland through subsidiaries EDF Energies Nouvelles, Dalkia Energy Polska and Fenice Poland.