Brief: La Francaise de l'Energie launches it's gas in northern France

La Francaise de l Energie SA

07/11/2016 07:15

Nov 7 (Reuters) - La Francaise de l'Energie SA  LFDE.PA : 
    * Launch of la Française de l'Energie's gas to power activity in northern France 
    * Gas to power activities will be undertaken by LFDE's subsidiary, Gazonor SAS, which 
currently holds 225 BCF of 2P reserves of gas alone. 
    * Gazonor is expected to generate 85 GWh and over 6 million euros ($6.6 million) of annual 
revenues for a total investment of 8.9 million euros 
    * Financing will be arranged through infrastructure-type financing in line with IPO plan 
    * 100 pct of revenues will be derived from french feed-in tariffs without exposure to power 
price market fluctuations for next 15 years 
 
Source text for Eikon:  ID:nBw8n3m35a  
Further company coverage:  LFDE.PA  
 
($1 = 0.9044 euros) 
 
 (Gdynia Newsroom) 
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