eDP sells Spanish CCGTs, power and gas clients to Total

摘要

Portuguese utility EDP has agreed to sell two Spanish combined-cycle gas turbine (CCGT) plants with a combined 843MW of capacity and a portfolio of residential power and gas customers to Total, in a transaction based on an enterprise value of €515mn ($558mn). The deal comprises the 425MW Castejon 1 and 418MW Castejon 3 CCGTs in Spain’s northern region of Navarra and a business-to-consumer portfolio with 2.5mn contracts, of which 1.2mn are in the liberalised Spanish power and gas markets, EDP and Total announced this month.