Engie sells Polish company, inaugurates terminal in Turkey
Staff Writer |
Engie signed an agreement with Enea, a state-owned Polish utility company, for the acquisition of 100% of its shares in Engie Energia Polska, the owner of the Polaniec Power Plant in Poland.
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Polaniec Power Plant is one of the most efficient electricity generators in Poland, consisting of 7 coal units and 1 biomass unit with a total gross capacity of 1.9 GW.
The amount of the transaction represents an enterprise value of approximately €250 million.
Engie focuses its development on low carbon activities, gas infrastructures and integrated customer solutions, and it has decided to progressively withdraw from coal activities. As part of that objective, the Polaniec transaction reduces Engie’s CO2 emissions by 6.2%.
All of Engie Energia Polska employees will join Enea Group. Engie will pay a close attention to its people, supporting them during this transition.
Engie and the Turkish construction companies Kolin and Kalyon have inaugurated the ETKI LNG terminal, in the presence of President Recep Tayyip Erdogan, Prime Minister Mr. Binali Yildirim and Minister of Energy Mr. Berat Albayrak.
Engie has been selected by project developers Kolin and Kalyon to deliver this fast-track Floating Storage and Regasification Unit (FSRU) based solution. The Group committed the Neptune, one of the two FSRU of its fleet, to the project.
The 145,000 m3 capacity vessel will act as an LNG receiving and storage facility and will deliver natural gas in gaseous form. The overall infrastructure developed by Kolin and Kalyon includes a jetty and an onshore gas pipeline to connect the terminal to the national gas transport grid, operated by BOTAS. From final investment decision to completion, record breaking terminal project development took only 6.5 months.
The Neptune vessel arrived at ETKI LNG terminal berth on December 11th fully loaded with LNG and proceeded immediately with commissioning operations. ■