GDF SUEZ Completes Acquisition of Econergy International, a Renewable Energy Company



    
    Attractive Portfolio of Renewable Projects in Operation, Construction
    and Development, Complementary to the Group's Latin and North American
    Positions

    Valuable Expertise in the Carbon Credit Markets and 100% Renewable,
    Carbon-Free Generation
    

    PARIS, Oct. 27 /CNW/ - GDF SUEZ Energy International completes the
acquisition of Econergy International for roughly 39 million GBP
(approximately EUR 50 million). Econergy, a US company listed in the UK, is
focused on renewable energy projects in Latin America (mainly) and North
America. In addition to developing sustainable energy projects, the company is
also actively engaged in the carbon credit markets and provides consulting
services on renewable energy, energy efficiency and carbon footprint
management.
    The total installed capacity of Econergy International amounts to 266 MW
of small hydro, wind and coalbed methane projects in operation or
construction. The company also has a portfolio of approximately 200 MW of
projects in various stages of development.
    GDF SUEZ Energy International submitted a binding offer to buy Econergy
International on June 13th 2008. As of today, GDF SUEZ has received valid
acceptances in respect of 97.7% of Econergy International's existing issued
ordinary share capital as well as all necessary regulatory and other consents
required for closing. The offer will remain open for acceptance until further
notice.
    Dirk Beeuwsaert, CEO of GDF SUEZ Energy International, said: "We think
Econergy International to be a perfect fit and complementary to our
international energy portfolio. The company has and is developing a series of
interesting renewable assets, such as wind and small hydro, in markets where
GDF SUEZ already has a presence or aspires to take positions. Econergy
International will also contribute to GDF SUEZ's know-how on carbon credits
and non-conventional renewables. Our proven track record in the development
and operation of renewable power plants, will contribute to realizing Econergy
International's low-carbon projects."
    Econergy International was created in 1994 and has an attractive
portfolio of renewable energy projects in operation, construction and
development in Brazil, Bolivia, Costa Rica, Chile, United States and Mexico,
complementary to GDF SUEZ Energy International's strategy in North and Latin
America. Most of the projects are based on long-term sales contracts for the
electricity Econergy will generate.

    One of the leading energy providers in the world, GDF SUEZ is active
across the entire energy value chain, in electricity and natural gas, upstream
to downstream. It develops its businesses (energy, energy services and
environment) around a responsible-growth model to take up the great
challenges: responding to energy needs, ensuring the security of supply,
fighting against climate change and maximizing the use of resources. GDF SUEZ
relies on diversified supply sources as well as flexible and high-performance
power generation in order to provide innovative energy solutions to
individuals, cities and businesses. The Group employs 196,500 people worldwide
and achieved revenues of EUR74,3 billion in 2007. GDF SUEZ is listed on the
Brussels, Luxembourg and Paris stock exchanges and is represented in the main
international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50,
Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone.





For further information:

For further information: GDF SUEZ, Press, Tel France:
+33(0)1-47-54-24-35, Tel Belgium: +32-2-510-76-70, E-Mail:
gdfsuezpress@gdfsuez.com; Investor Relations, Tel: +33(0)1-40-06-66-29,
E-Mail: ir@gdfsuez.com; GDF SUEZ Energy International, External
Communications, Tel: +32-2-510-7069, E-mail: katja.damman@gdfsuez.com

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