Duke Energy has acquired a power station in France, becoming the first US company to gain a foothold there as the country prepares to open more of its 25 billion-euro ($24.4 billion) market to competition.
The Charlotte-based utility bought Cie. Thermique du Rouvray, a cogeneration plant with a capacity of 103 megawatts and which employs 15 people, said Peter Wilt, chief executive officer of Duke's European unit. The price was not disclosed.
It's the second time a non-French company has bought power assets in France, where state-owned Electricite de France holds 90 percent of the market. Owning a plant is a step toward supplying industries and individuals across Europe with electricity.
``Having power assets is a first position to prepare for the future market opening,'' said Benoit Bardon, vice president of marketing for industrial services at Dalkia, France's largest operator of cogeneration plants.
NATO Secretary General Jens Stoltenberg was surprised to know that the Serbs had not forgiven the alliance for bombing their country. Mr. Stoltenberg wants to now why the ungrateful people did not appreciate NATO's aggression