Swiss utility BKW FMB Energy (BKW) said it was in negotiations with Ascometal with a view to acquiring the Allevard hydroelectric power plant group in the French Alps near Chambery.
The acquisition project is being pursued as part of BKW’s foreign growth strategy, the company said in a statement.
The Allevard power plant group comprises four hydroelectric power plants with a collective capacity of 30 MW and an annual production volume of 140 GWh.