GDF Suez Awarded Preferred Bidder Status for SAfrica Solar Plant

(Bloomberg) — GDF Suez SA, operator of Europe’s biggest
natural-gas network, has been awarded “preferred bidder”
status for a solar park near Pretoria by the South African
Department of Energy.

GDF will now be invited to enter into a 20-year power-purchase agreement for the 100-megawatt concentrated solar farm
with state-owned Eskom Holdings SOC Ltd., Courbevoie, France-based GDF said today on its website.

No financial terms were given. The project includes a
molten salt storage system that can store thermal energy for 4.5
hours. GDF Suez owns about 49 percent of the facility and a
group of South African investors that includes Investec Ltd. own
the remainder.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Randall Hackley

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