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Article: Belgium : Ackermans, Electrabel to create green energy firm.
- Article from:
- TendersInfo
- Article date:
- October 30, 2009
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Byline: Mamta03
Belgian holding company Ackermans & van Haaren (ACKB.BR) and energy company Electrabel (GSZ.PA) will join forces to create a new renewable energy company, the two companies said on Wednesday.
Electrabel, the Belgian arm of French utility GDF Suez (GSZ.PA), will have a 73 percent stake in the joint venture, called Max Green NV, and Ackermans the remaining 27 percent.
The venture's first project will be the conversion of the Rodenhuize 4 unit near the northern city of Ghent, from a coal-fired to a biomass power station with a capacity of 180 megawatts.
The project, requiring an investment of 125 million euros ($185.5 ...