GDF SUEZ and Mitsui strengthen strategic partnership

08 Oct 2013

GDF SUEZ and Mitsui & Co., Ltd. (“Mitsui”) have agreed to strengthen their existing partnership in Australia. As part of the agreement, Mitsui will acquire a 28 per cent equity interest in five assets from GDF SUEZ Australian Energy, a wholly owned subsidiary of GDF SUEZ.

GDF SUEZ Australian Energy owns and operates 3,540 MW of renewable, gas fired and brown coal- fired generating units in Victoria, South Australia and Western Australia.

GDF SUEZ and Mitsui already have a strong, long-term partnership following a successful track record of joint investment and cooperation for projects in Canada, Europe, the Middle East, Africa, Asia as well as an existing partnership agreement in Australia, where Mitsui has owned 30 per cent of the Loy Yang B power station and 21 per cent of Kwinana power station since 2004. This transaction will extend the existing partnership with Mitsui to the entire Australian portfolio.

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 GDF SUEZ and Mitsui strengthen strategic partnership