New joint venture in Canada : GDF SUEZ pursues its asset optimization program

PR Newswire/Les Echos/ 
PRESS RELEASE                                               December 17, 2012 
 New joint venture in Canada: GDF SUEZ pursues its asset optimization program 
GDF SUEZ today announces that it has agreed the sale of a 60% equity interest in
its 680MW Canadian renewable generation portfolio, with an enterprise value in
excess of CAD 2 billion (EUR1.5 billion), to Mitsui & Co. Ltd. and a consortium
led by Fiera Axium Infrastructure Inc. who each hold a 30% interest in the new
joint venture. 
GDF SUEZ will remain the largest shareholder, retaining a 40% interest, and will
continue to operate and maintain these assets. The 680MW portfolio comprises
363MW of operating wind facilities, and a further 317MW of wind and solar
capacity that is expected to start commercial operation between 2013 and 2014.
All projects are backed by Power Purchase Agreements with provincial utilities.
The facilities are located in Ontario, New Brunswick, Prince Edward Island and
British Columbia. 
As part of the transaction, a total of CAD 1.1 billion (EUR0.8 billion) of
project finance has been successfully raised from Japan Bank of International
Cooperation, Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank, Sumitomo
Mitsui Banking Corporation, and The Manufacturers Life Insurance Company. 
This sale and the successful project financings demonstrate the high quality of
the portfolio, and is testament to the long-standing support of key partners and
lenders. 
In addition to its participation in this joint venture, GDF SUEZ will continue
to develop its own pipeline of new renewable projects in Canada. 
Gérard Mestrallet, Chairman and CEO of GDF SUEZ commented: "This is an
important new joint venture in which GDF SUEZ will have a significant
shareholding, reflecting the continued importance of the Canadian renewable
market to the Group. This transaction represents an excellent example of
monetizing value created through our investments, alongside retaining the upside
from future renewable developments and from our operations and maintenance
experience." 
This transaction reduces Group net debt by approximately CAD 1.3 billion (EUR1
billion). GDF SUEZ has now achieved EUR3.9 billion out of the EUR5 billion
expected in 2012 for its asset optimization program. 
GDF SUEZ CORPORATE HEADQUARTERS
Tour T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris 
La Défense cedex - France 
Tel. +33 (0)1 44 22 00 00
GDF SUEZ - SA WITH CAPITAL OF EUR2,408,353,823 - RCS NANTERRE 542 107 651
www.gdfsuez.com 
Note to editors 
GDF SUEZ Energy North America manages a range of energy businesses in the United
States, Mexico, and Canada, including electricity generation and cogeneration,
natural gas and liquefied natural gas (LNG) distribution and sales, asset-based
trading and origination, and retail energy sales and related services to
commercial and industrial customers. The company owns and/or operates
cogeneration, steam, and chilled water facilities, including those in
construction, representing a capacity of more than 13,000 MW of electricity
generation, 6.0 million pounds per hour of steam, and 38,000 tons per hour of
chilled water. Renewable fuels-wind, hydro, and biomass-power 27 of the
facilities in the portfolio. The company's natural gas assets include an LNG
receiving terminal just north of Boston, Massachusetts, and natural gas
distribution networks and pipelines in Mexico that serve nearly 400,000
customers 
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 h,hly 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 EUR90.7 billion in 2011. The Group is listed
on the Brussels 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. 
Press contact:                               Investor Relations contact:   
Tel France: +33 (0)1 44 22 24 35             Tel: +33 (0)1 44 22 66 29
Tel Belgium: +32 2 510 76 70                 E-Mail: ir@gdfsuez.com 
E-Mail: gdfsuezpress@gdfsuez.com 
@gdfsuez 
                  
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-0- Dec/17/2012 09:25 GMT
 
 
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