Electrabel (Engie) has reached an agreement with EM Generation Brussels (EMGB) to acquire its 255 MW Vilvoorde gas-fired power plant. The transaction is expected to close by the summer 2020.
The group also plans to develop an 870 MW gas-fired power project on the site and aims to benefit from the capacity remuneration mechanism. Engie had already announced plans to develop a new gas-fired power project on the Vilvoorde site and submitted a request to the Belgian power transmission system operator Elia to connect the project to the national grid. However, Elia concluded that it would have to make significant investments in the power network to connect a second power plant at Vilvoorde and allowed a single power plant to connect. Engie thus purchased the existing power plant, that will continue to operate as a peaking unit until the commissioning of the new CCGT power project.
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