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4-Traders Homepage  >  Shares  >  Euronext Paris  >  GdF Suez S.A. (Engie)    GSZ   FR0010208488

GDF SUEZ S.A. (ENGIE) (GSZ)

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GDF SUEZ : Paiton 3 Plant in Indonesia Starts Commercial Operation

03/27/2012 | 03:20am US/Eastern
Paiton 3 Plant in Indonesia Starts Commercial Operation

27 March 2012 ? GDF SUEZ and International Power (70% owned by GDF SUEZ) are pleased to announce that Paiton 3, a highly efficient 815MW coal-fired power plant in Indonesia, has started commercial operation.
Paiton 3, located on Java Island, will be the first super-critical coal unit in Indonesia and the largest generating unit on the Java-Bali grid. The output from Paiton 3 will be supplied to PT PLN (Persero), the Indonesian state utility, under a 30-year Power Purchase Agreement (PPA).
International Power owns 40.5% in PT Paiton Energy, which owns and operates the Paiton plants, including the existing Paiton units with a total capacity of 1,280MW. The other shareholders in PT Paiton Energy are Mitsui & Co., Ltd (40.5%), The Tokyo Electric Power Company, Inc (TEPCO) (14%) and PT Batu Hitam Perkasa (5%).

Notes to Editors

International Power is one of the leading independent power producers in Indonesia with
2,095MW (gross) of operating assets. The Company recently signed 30-year PPAs for two 220MW geothermal projects and also entered into a joint venture agreement in 2011 for the development of the 220MW Rantau Dedap geothermal project in the South Sumatra Province.
Other plants under construction in Asia are located in Singapore, Thailand and Pakistan.

About International Power

International Power plc is a leading independent electricity generating company with 75,579MW gross (43,288MW net) in operation and a significant programme of 12,820MW gross (5,868MW net) projects under construction as at 31 December 2011. International Power is present in 30 countries across six regions worldwide. Together with power generation, the Group is also active in closely linked businesses including downstream LNG, gas distribution, desalination and retail. International Power is listed on the London Stock Exchange with ticker symbol IPR. GDF SUEZ holds a 70% interest in International Power plc.

Company website: www.iprplc-gdfsuez.com

About GDF SUEZ

GDF SUEZ develops its businesses around a model based on responsible growth to take up today's major energy and environmental challenges: meeting energy needs, ensuring the security of supply, combating climate change and optimizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas- supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,900 people worldwide and achieved revenues of

?90.7 billion in 2011. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.

International Power contacts GDF SUEZ contacts

Investor contact Investor contact
Aarti Singhal Telephone: +33 (0)1 44 22 66 29
Telephone: +44 (0)20 7320 8681 e?mail: ir@gdfsuez.com
Media Contact Media Contact
Sally Hogan Telephone France: +33(0)1 44 22 24 35
Telephone: +44 (0)20 7320 8678 Telephone Belgium: +32 2 510 76 70 e-mail: gdfsuezpress@gdfsuez.com
@gdfsuez

distributed by

This press release was issued by GDF SUEZ SA and was initially posted at http://www.gdfsuez.com/document/?f=files/en/cp-gdf-suez-paiton-3-va.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-27 09:14:38 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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