Specialist energy supplier GDF SUEZ Energy UK has signed a 15-year power purchase agreement (PPA) with SITA UK for electricity produced from a new 17.65MW energy-from-waste facility in Billingham, Teesside.
The facility is currently under construction and is scheduled to achieve commercial operation in 2014. The PPA provides GDF SUEZ Energy UK with all of the electricity output, along with Levy Exemption Certificates generated by the facility until 2029.
The state-of-the-art energy-from-waste facility has a capacity of up to 256,000 tonnes of waste per year, which will generate electricity for the equivalent of around 30,000 homes. It significantly reduces the reliance on landfill, and will achieve green-house-gas emissions reductions totaling approximately 62,000 tonnes of CO2 equivalent per year.
David Park, Director of UK Retail at GDF SUEZ Energy UK said “We are extremely pleased to have concluded this PPA with SITA UK as it demonstrates our commitment to diversify our energy mix and provides us with a reliable and consistent renewable energy resource for our customers.”
SITA UK’s Andy Stokes said, “At Billingham we will take a once-wasted commodity and turn it into a long-term, reliable source of low carbon energy, which is a major plus for the environment.”
GDF SUEZ Energy UK has reported a significant increase in the percentage of renewable energy in its supply portfolio.
28% of its total supply from April 2010 to March 2011 came from renewable generation - a 10% increase on the previous year’s figure of 18%.
This level of renewables is almost four times the UK average of 7.9%, and is also significantly higher than the ‘Big Six’ energy suppliers.
David Park, Director of UK Retail, comments: “These latest figures demonstrate that we are working hard to continually increase the proportion of renewable energy in our portfolio in order to meet the growing demand from our industrial and commercial customers.”
The fuel mix information details how the energy GDF SUEZ Energy UK supply has been generated in the previous year from each fuel source - such as coal, natural gas, renewable and nuclear energy - and compares its fuel mix with the average for the UK. The company has been extremely successful in sourcing large quantities of renewable energy, mainly from Wind, Biomass and Hydroelectric sources.
FUEL MIX DISCLOSURE STATEMENT for the period 1 April 2010 to 31 March 2011.
Fuel GDF SUEZ Energy UK Fuel Mix UK Fuel Mix for comparison Coal 25.17% 28.90% Natural Gas 40.53% 44.20% Nuclear 3.67% 17.30% Renewable 28.02% 7.90% Other 2.61% 1.70% Total 100.00% 100.00% -Ends-
GDF SUEZ Energy UK has been busy counting cash for a good cause after hearing how 259 people die from cancer every week in Yorkshire alone where survival rates lag behind most parts of the UK.
Recent fundraising efforts from the company raised over £12,500 for the company’s nominated charity, Yorkshire Cancer Research. In celebration, David Park, Retail Director at GDF SUEZ Energy UK presented a cheque to Mark Stevens, Chief Executive at the Charity.
On behalf of Yorkshire Cancer Research Mark Stevens said: "I wish to thank everyone at GDF SUEZ Energy UK for their very generous donation. The company is a long-standing supporter of Yorkshire Cancer Research and it's only due to the kind support we receive from such local businesses that we're able to continue funding vital research into cancer in Yorkshire and help make medical breakthroughs."
Thanking those whose generosity and hard work has helped to raise the money, David Park, Retail Director at GDF SUEZ Energy UK said: "The chance to secure a donation for a local charity close to their hearts has really encouraged staff to put in a huge effort to raise the money for Yorkshire Cancer Research.
“I never cease to be amazed at the generosity and enthusiasm that everyone puts in to the fundraising, particularly as we know it has been a financially challenging couple of years for many people. A fantastic achievement to be proud of!”All the money raised will be spent in Yorkshire helping local people beat cancer and supporting research, diagnosis and treatment in the region. The efforts of fundraisers like GDF SUEZ Energy UK and the general public are crucial in supporting Yorkshire Cancer Research and the vital research which investigates the cause of cancer and the development of more effective treatments.
-ENDS-
Issued on behalf of GDF Suez Energy UK by Adessi
For more information contact Sarah Beckett at Adessi on
Tel: +44 (0) 7818 531 388
Email: sarah.beckett@adessi.co.uk
Notes to Editors:
GDF Suez Energy UK
Leeds-based GDF SUEZ Energy UK is well established as a specialist energy supplier to industry and commerce across the UK, as well as a growing player in the electricity generation arena. Offering an innovative range of energy supply products to meet the requirements of all types of businesses the company are constantly developing new products and adapting its services to meet their needs. To learn more about GDF SUEZ please visit: http://www.gdfsuez-energy.co.uk/
Yorkshire Cancer Research
Yorkshire Cancer Research is Yorkshire's cancer charity. Every penny we raise we spend in Yorkshire, helping local people beat cancer and supporting world-class research, diagnosis and treatment in our region. We work throughout Yorkshire and we benefit Yorkshire people, in addition to sharing our findings to improve the lives of people everywhere. For more information visit www.yorkshirecancerresearch.org.uk
GDF SUEZ Group 2011 Q1 Results
05-05-2011
Sustained growth in revenues and EBITDA.
Net debt down by EUR 2.9 billion1.
Revenues: EUR 25.5 billion (+6.9%)EBITDA : EUR 5.5 billion (+6.1%)
Net debt: EUR 39.9 billion (-EUR 2.9 billion1)Revenues in the first quarter of 2011 are up by nearly +7% thanks to strong international growth, to integration of International Power as of February 1, 2011 and to sharp rise in environment activities, despite weather conditions that were less favorable than in the first quarter of 2010.
EBITDA for the period reaches EUR 5.5 billion, for a gross increase of +6.1% in comparison with March 31, 2010. Based on average weather conditions2, organic growth comes at +4.3%. The increase in EBITDA reflects the contribution of International Power as of February 2011, commissioning of facilities in all of the Group's businesses, including Montoir and Combigolfe power plants in France, Flevo in the Netherlands, Heron II in Greece, France Fos Cavaou and Chile Mejillones LNG terminals, and the Gjøa offshore platform in Norway. A solid international performance, especially in Latin America, in a context of rising prices and positive exchange rate fluctuations and sustained growth in environmental activities and a recovery in energy services activities.
Net debt stands at EUR 39.9 billion as at the end of March 2011, a decrease of EUR 2.9 billion from the pro forma figures at end 2010 enabled mainly by sustained cash flow and a positive exchange rate effect of approximately EUR 900 million.
2011 and medium-term Group targets are maintained. These 2011-2013 targets assume average weather conditions and no substantial changes to regulations, taxation or macroeconomic environment3.
Gérard Mestrallet, Chairman and CEO of GDF SUEZ, stated: "The Group's first quarter results are satisfactory and rising. They confirm the relevance of our diversified and balanced business model, of our business strategy and of the combination with International Power assets. We are confident about our future prospects. "
Significant events since publication of 2010 results
GDF SUEZ reaffirms its social responsibility with "GDF SUEZ Rassembleurs d’énergies." This worldwide program pulls together and reinforces the Group's initiatives in favor of access to energy and basic services for the poorest populations.
Creation and launching of GDF SUEZ Trading on May 2, 2011.
Electricity production and sales
GDF SUEZ inaugurated the Germinon wind farm, one of the largest in France with a total installed capacity of 75 MW. It produces nearly 226 million kilowatt-hours each year, equivalent to the electricity consumed annually by 265,000 people, and saves 160,000 tons of CO2 per year when compared with the production of a fuel oil power plant.
GDF SUEZ consolidated its position in Italy by finalizing its agreement with Acea.
Discussions in Belgium concerning the taxation of nuclear activities are ongoing.
Natural gas markets
In compliance with the public service contract, the tariffs on the sale of natural gas for public distribution in France increased by +4.9% on April 1, 2011 to cover higher supply costs. GDF SUEZ is working with the French State and the French energy regulator CRE on possible adjustments to the current tariff formula in order to maintain a legal framework for future tariff deadlines following the announcement of the freezing of the increase expected on July, 1st, 2011.
Infrastructures
GDF SUEZ is in advanced discussions with a public consortium composed of CNP Assurances, CDC Infrastructure and the Caisse des Dépôts with the goal of forming a long-term partnership within GRTgaz in the field of natural gas transmission in France and in Europe. The consortium would take a 25% minority stake in GRTgaz.
Commissioning of the undersea Medgaz pipeline, between Algeria and Spain on April, 1st, 2011.
GRTGaz decided to double its gas transmission capacity along the Rhône.
Environment
SITA UK signed a 25-year Private Finance Initiative contract worth EUR 825 million with the South Tyne and Wear Waste Partnership.
Degrémont renewed its operating contract for the Nice Côte d’Azur wastewater treatment plant for a total of EUR 100 million over 10 years.
Active liquidity management by the Group
GDF SUEZ signed a EUR 4.5 billion multi-currency syndicated credit line for five years (plus two options to extend by one year) for early refinancing of the Group's undrawn credit lines expiring in 2012.
The GDF SUEZ Group successfully launched the first euro-denominated 100-year bond issue worth EUR 300 million with a 5.95% coupon. This transaction extended the average maturity of its net debt by nearly one year.
Revenues, EBITDA, net debt as of 31 March 2011 are unaudited.
1 Change in net debt vs December 31, 2010, pro forma.
2 For the Energy France and Infrastructures business lines, the impact of weather conditions in France was -4.2 TWh/-4.7 TWh warm weather respectively for Q1 2011 and +13.8/+15.1 TWh cold weather for Q1 2010.
3 The underlying assumptions for 2011 and 2013 are respectively: Average Brent price: USD 92/barrel and USD 100/barrel, mean price of baseload electricity in Belgium EUR 50/MWh and EUR 53/MWh, mean price of gas at Zeebrugge EUR 23/MWh for both time frames.BREAKDOWN OF SALES REVENUE BY BUSINESS LINE
(1) Excluding the new assets contributed by International Power, treated as scope effect.
(2) Total revenues, including intra-Group services, amounted to EUR 7,019 million for the Global Gas & LNG business line in 2011 and EUR 1,749 million for the Infrastructures business line in 2011.Important notice
The financial aggregates shown are those customarily used and communicated to the markets by GDF SUEZ.This communication contains forward-looking information and statements. These statements include financial projections and estimates as well as the assumptions upon which they are based, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Although the management of GDF SUEZ believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of GDF SUEZ securities are cautioned that forward-looking information and statements are not guarantees of future performance and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of GDF SUEZ, that could cause actual results, developments, synergies, savings and benefits to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the public filings made by GDF SUEZ with the Autorité des marchés financiers (AMF), including those listed under “Facteurs de Risques” (Risk factors) sections in the Document de Référence filed by GDF SUEZ with the AMF on March 28, 2011 (under No. D.11-0186). Investors and holders of GDF SUEZ securities should consider that the occurrence of some or all of these risks may have a material adverse effect on GDF SUEZ.Press contacts:
Tel France: +33 (0)1 4422 2435
Tel Belgium: +32 2 510 76 70
E-Mail: gdfsuezpress@gdfsuez.comInvestor Relations contact:
Tel: +33 (0)1 4422 6629
E-Mail: ir@gdfsuez.com
The Boards of International Power plc (the "Company") and GDF SUEZ are pleased to announce that closing of the Combination of International Power and GDF SUEZ's Energy International Business Areas (outside Europe) and certain assets in the UK and Turkey ("GDF SUEZ Energy International") occurred today.
The combined business creates a global leader in independent power generation with over 66,000MW of gross capacity in operation and committed projects expected to deliver 22,000MW of gross capacity by 2013, with strong positions in major regional markets and an attractive growth profile.
Sir Neville Simms, Chairman of International Power said: “The completion of this transaction creates a high growth, world leading independent power generation company. This is a major milestone in the development of International Power. The enlarged group has a strong pipeline of committed new-build projects already in the course of construction, and enhanced access to further significant growth opportunities through its broader global presence. The group has a robust capital structure with improved access to attractively priced capital that will underpin the delivery of value enhancing growth for all shareholders."
Gerard Mestrallet, Chairman and CEO of GDF SUEZ said: “I am very pleased and proud we have successfully combined our activities with International Power. Together we have created a unique Group with highly skilled people. International Power offers an attractive growth profile with an unparalleled and balanced portfolio of assets. Our new Group is ideally positioned in the regions where 80% of tomorrow’s new production capacities needs will occur.”
This is a truly defining transaction for GDF SUEZ, illustrating its philosophy and strategy of long-term development based on industrial partnerships. It consolidates the international leadership of GDF SUEZ in the global utilities sector, moving the Group into first place in terms of annual revenue (over €84 billion in 2009). It also makes GDF SUEZ the nº 1 utility by volume of gas managed in Europe (more than 1,300TWh) in addition to its leading position in energy services. This combination will sharply accelerate the GDF SUEZ's industrial development and boost its total production to more than 107,000MW in installed capacity, which will increase to 134,000MW1 within 3 years after projects currently under construction are brought online.An aggregate of 3,554,347,956 new International Power ordinary shares (the "New Ordinary Shares") have been issued in connection with the Combination to subsidiaries of GDF SUEZ. Admission to listing on the Official List of the UKLA and to trading on the London Stock Exchange's main market for listed securities of these New Ordinary Shares, and re-admission of the Existing Ordinary Shares, occurred with effect from 8.00 a.m. today.
A special dividend of 92 pence per ordinary share will be paid on 25 February 2011 to shareholders (excluding holders of New Ordinary Shares) on the Company's share register on 11 February 2011 (the record date). The ex-dividend date will be 9 February 2011.
Following the issue of the New Ordinary Shares, the Company's issued share capital consists of 5,092,261,657 ordinary shares of 50 pence each with voting rights. Each ordinary share has equal voting rights and there are no shares held in treasury. This figure may be used by shareholders as the denominator for any calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company. The New Ordinary Shares in which GDF SUEZ is interested represent approximately 70% of the Company's total voting rights in issue as at 3 February 2011.
1 Figures at 100%, as of 09/08/2010
Terms used in this announcement have the same meaning as those defined in the circular sent to the Company's shareholders on 19 November 2010.
Notes to Editors:
Dirk Beeuwsaert is the new Chairman of International Power, and Sir Neville Simms will take on the role of Deputy Chairman.Enquiries
International Power
Press contact: Rollo Head/Sally Hogan, Finsbury Tel: +44 (0) 20 7251 3801 E-mail: internationalpower@finsbury.com
Investor Relations contact: Aarti Singhal Tel: +44 (0) 20 7320 8681 E-mail: ipr.relations@ipplc.com
E-mail: ipr.relations@ipplc.comGDF SUEZ
Press contact: Tel France: +33 (0)1 44 22 24 35
Tel Belgium: +32 2 510 76 70
E-mail: gdfsuezpress@gdfsuez.com
Investor Relations contact: Tel: +33 (0)1 44 22 66 29 E-mail: ir@gdfsuez.comDisclaimer
This announcement does not constitute or form part of any offer, invitation to sell, otherwise dispose of or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities nor shall it or any part of it, nor the fact of its distribution form the basis of, or be relied on in connection with any contract, commitment or investment decision.This announcement has been prepared in accordance with English law and the Disclosure Rules and Transparency Rules and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England.
This announcement does not constitute an offer of securities for sale in the United States or an offer to acquire or exchange securities in the United States of America. No offer to acquire securities or to exchange securities for other securities has been made, or will be made, directly or indirectly, in or into, or by use of the mails, any means or instrumentality of interstate or foreign commerce or any facilities of a national securities exchange of, the United States of America or any other country in which such offer may not be made other than (i) in accordance with the tender offer requirements under the US Securities Exchange Act of 1934, as amended, or the securities laws of such other country, as the case may be, or (ii) pursuant to an available exemption from such requirements.
GDF SUEZ Energy UK have continued their contracting success of recent times by securing electricity contracts with 5 of the UK’s leading water companies, equating to almost a 30% market share in the regulated water sector and totalizing 9 TWh of contracted business, for an estimated turnover of £600 million over the 5 years (682 MEUR*).
The contracts, with supply periods of up to 5 years, have been won against intense competition and display the flexibility and innovation for which GDF SUEZ Energy UK have become renowned.
Julian Okoye, Wessex Water, said, “We chose GDF SUEZ Energy UK to be our energy supplier because they demonstrated to us how they could deliver an innovative and efficient energy service. Not only could they give us competitive prices for the duration of our contract, they also impressed us with their high level of customer responsiveness, their willingness to accommodate our specific requirements and their flexible and transparent contracts.”
Marc Hirt, President of GDF SUEZ Western Europe and CEO of GDF SUEZ Energy UK said, “GDF SUEZ Energy UK is very proud of its achievements in the water sector. Our success has to be attributed to our high degree of flexibility which allowed us to meet the customer’s expectations. This, coupled with our high standard of professionalism and expertise, meant that we could ensure that the whole deal was put together to the satisfaction of all parties.”
GDF SUEZ has completed the construction of its first UK wind farm project at Craigengelt, near Stirling, in Scotland. The wind farm consists of eight turbines with a total capacity of 20MW, which is enough to supply the equivalent of 9,000 homes with renewable energy.
On 31 March 2010, control of the eight turbines was handed over from the turbine supplier, Nordex, and full commercial operation of the wind farm was started. This project demonstrates the commitment of GDF SUEZ to renewable energy in the UK. The GDF SUEZ Group is France’s No. 1 wind power producer and is developing
major projects in Europe and across the world.“We are very proud of the successful completion of the project. The UK is an important market for GDF SUEZ to develop, especially in renewable energy, and we see Craigengelt as an important step in the development of GDF SUEZ in the UK” Marc Hirt, President GDF SUEZ Energy Western Europe and CEO of GDF SUEZ Energy UK.
Contact Details:-
Kate Bond
GDF SUEZ Energy UK
1 City Walk
Leeds
LS11 9DX0113 306 2077
07736 107151
The consortium was formed earlier this year to participate in the UK's nuclear new build programme. The consortium partners acknowledge that significant investments are required in the UK to replace the existing fleet of nuclear and coal power plants nearing decommissioning. These investments are critical for the security of electricity supply and the targeted reductions of CO2 emissions. The consortium is committed to helping the UK achieve these goals supported by the experience, resources and skills of operating and delivering nuclear plants.
The consortium aims at building up the highest quality management and wishes therefore to develop strong and long term relationships with local communities. It also expects to contribute to Cumbria's ‘Energy Coast' vision through the development of new reactors in the region as Cumbria constitutes a very sound location due to its established practice and nuclear tradition.
The consortium now intends to prepare detailed plans for developing a new nuclear power station at the site with a capacity up to 3.6 GW. These plans should be submitted for consideration by the relevant planning authorities , with the aim of being able to begin construction of a new power station around 2015. The consortium will also complete the preparation of a plan for maximising the contribution of UK-based suppliers and UK-based employees to the new development at Sellafield.
Paul Rorive, Senior VP Nuclear Activities Division of GDF SUEZ declared: “For GDF SUEZ, which has 45 years of involvement in the nuclear industry, the acquisition of the Sellafield site confirms the ambition to play a major role in the nuclear revival in the world in order to tackle the new energy and environmental challenges.”
Commenting on the acquisition, Alistair Phillips-Davies, Energy Supply Director of SSE, said: Nuclear power is a tried and tested way of generating power that can help meet energy security and climate change objectives which we support. In line with our commitment to a diverse generation portfolio, we believe that some participation in new nuclear power stations makes sense and complements our core investment in renewable energy.
Pedro Azagra, Director of Development of Iberdrola, said: “We are delighted with the opportunity to develop the Sellafield site and thereby make an important contribution to the UK government's nuclear development programme. Iberdrola has a long tradition in building and operating nuclear plants around the world and looks forward to taking this process forward in conjunction with its consortium partners.”
About the consortium
In February 2009, GDF SUEZ (37.5%), Iberdrola (37.5%) and Scottish and Southern Energy (25%) entered a partnership to jointly participate in the development of new nuclear power stations in the UK.
One of the leading energy providers in the world, GDF SUEZ is active across the entire energy value chain, in electricity and natural gas, upstream to downstream. It develops its businesses (energy, energy services and environment) around a responsible-growth model to take up the great challenges: responding to energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. GDF SUEZ relies on diversified supply sources as well as flexible and high-performance power generation in order to provide innovative energy solutions to individuals, cities and businesses. The Group employs 200 000 people worldwide and achieved revenues of €83.1 billion in 2008.
Iberdrola is a global, publicly listed company, with a 107-year history of contributing to the development of the energy sector, and providing quality and security of supply. Following a period of international expansion starting in 2001, Iberdrola is the fifth largest electricity group by market capitalization, with a presence in 40 countries and more than 28,5 million customers. Iberdrola is the leading energy group in Spain, one of the main operators in the United Kingdom and a world leader in wind energy. The company now has an installed capacity of 43,300 MW and a balanced, efficient and diversified generation mix.
Scottish and Southern Energy (SSE) is one of the UK's leading energy companies. It is involved in the generation, transmission, distribution and supply of electricity; energy trading; the development of major renewable energy projects; the storage, distribution and supply of gas; electrical and utility contracting; and telecoms.

