LONDON Jan 10 A joint venture between asset
management company Amundi and French utility EDF
has bought a majority stake in 132 gas-fired
cogeneration plants in France for 150 million euros ($159
million), Amundi said on Tuesday.
Amundi Energy Transition bought the stake in the plants,
which have a total capacity of 330 megawatts (MW), from Dalkia,
a French energy services company which is also an EDF
subsidiary, it said in a statement.
Cogeneration, also known as combined heat and power, can
produce heat and electricity at the same time from the same
Such plants can recover heat produced as a by-product of
power generation and reuse it in industrial processes and to
produce energy for hospitals and public housing.
Amundi Energy said it was also working on a second deal this
year for a separate 170-MW group of Dalkia cogeneration projects
which are currently under construction.
($1 = 0.9460 euros)
(Reporting by Nina Chestney. Editing by Jane Merriman)