Independent power company Poweo has signed a power supply exchange agreement with Electricite de France relating to nuclear and gas-fired production. In a January 3 statement, Poweo says the agreement allows it to access 160 MW of EDF nuclear capacity for 15 years for the period 2007-2021. In return, Poweo is to allow EDF access to a portion of its 412-MW Pont-sur-Sambre gas-fired combined cycle power plant, in construction since December 1, 2006.
EDF's access to Pont-sur-Sambre capacity will be for a similar 15-year period, beginning in 2009, Poweo said. Poweo said it planned further deals similar to this one in order to support strong growth in the French market. It aimed to have a flexible portfolio of power plant by 2009, with an objective of 3,400 MW installed by 2012, including 600 MW of renewables plant.(Platts,3/1/2007)
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