Duke Energy acquires Compagnie Thermique Du Rouvray

1 August, 2002 – Duke Energy business unit, Duke Energy International (DEI), today announced that it has acquired 100 per cent of the French-based power generator, Compagnie Thermique du Rouvray (CTR), from Sechilienne-Sidec.

CTR is the sole owner of a 103 MW, gas-fired, combined heat and power plant located near the city of Rouen in northwest France. All of the steam and power output from CTR’s facility is sold under long-term contracts with Electricit√© de France, which purchases power; and OTOR Papeterie de Rouen S.A., a paper and board manufacturer, which purchases steam.

DEI Europe President and Chief Executive Officer Peter Wilt said the acquisition of CTR represents an important addition to DEI’s portfolio in the European region. “CTR provides DEI with a physical presence in the French market and supports our growing activities in the region,” he said. “The strategic location of the facility represents an opportunity for DEI to continue to deliver comprehensive energy solutions to customers in the European market.”

In the coming months, DEI will work closely with Sechilienne-Sidec to integrate the facility and the team into its regional portfolio. DEI, a subsidiary of Duke Energy, builds, through development or acquisition, regional energy businesses that include natural gas and power facilities and energy trading and marketing operations.

DEI’s energy portfolio includes over 6000 MW of hydroelectric and thermal generation, and nearly 2400 miles (3850 km) of gas pipeline in Europe, Latin America and Asia Pacific .

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