French power utility GDF Suez SA (GSZ.FR) plans to close three of the four gas-fired power plants it operates in its home country because their profitability fell, the newspaper Les Echos reported Thursday, citing unidentified sources.
French power utility GDF Suez SA (GSZ.FR) plans to close three of the
four gas-fired power plants it operates in its home country because their profitability
fell, the newspaper Les Echos reported Thursday, citing unidentified sources.
GDF Suez's gas-fired power plants are running at 33% of their installed
capacity, the report said, as a result of lower demand in
Europe
and
rising competition from cheaper coal-fired plants. The company has already
closed power plants in other countries in
Europe
.
France
depends on nuclear energy for about 80% of its electricity supply.
The company confirmed it is considering a "reorganization" of its
thermal power activities in
France
, the
newspaper said.
No officials at GDF Suez were immediately available to comment.
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