GDF Suez Expands in Chile

GDF Suez will be expanding its environmental and energy efficiency services in Chile by acquiring Térmika, a leader in the design, installation and management of energy services.

It will now develop its businesses under the brand “Cofely Térmika, GDF Suez Group”. Térmika provides two of the most important industrial companies in Chile among its main customers: BHP Billiton and Antofagasta Minerals, to whom GDF Suez is already providing energy.

With this acquisition, GDF Suez, the European leader in energy services, is now present in a country with high demand for energy efficiency services and enjoys a solid foothold for developing sustainable business in the region, working with other Group companies.

Chile is an important country for GDF Suez. The Group is the top electricity generator in northern Chile and operates facilities including the Mejillones LNG receiving and regasification terminal. Recently, the Group announced major achievements to support Chile’s strong growth prospects, inaugurating two thermal power plants having a total capacity of 300 MW. Finally, in renewable energy, the Group operates the Monte Redondo wind farm, the second largest in Chile with an installed capacity of 48 MW, and is currently building the Laja I hydroelectric plant with a capacity of 34 MW.

A recognized, established player in energy services in Chile, Térmika generated nearly $16 million in revenues with some 250 employees. Cofely Térmika provides tertiary and industrial companies in the country with environment-friendly solutions, whether through industrial utilities or environmental engineering, to meet their energy needs and optimize their consumption.

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LNG World News Staff, January 13, 2012