GDF SUEZ and E.ON signed the final agreements to swap about 1,700 MW of generation capacity. On completion of the transaction, Electrabel will acquire from E.ON 860 MW of conventional power plants and some 132 MW hydro-electrical capacity. In addition, Electrabel will acquire a capacity of 700 MW in form of drawing rights from nuclear power plants in Germany. In return, E.ON will acquire from Electrabel, Group GDF SUEZ the Langerlo coal and biomass-fired power plant (556 MW) and the Vilvoorde gas-fired power plant (385 MW) plus electricity generated out of a capacity of 770 MW in form of drawing rights from nuclear power plants with delivery points in Belgium and the Netherlands.
Electrabel is acquiring:
* Coal-fired power plant Farge (350 MW)
* Coal-fired power plant Zolling (449 MW)
* Combined-cycle gas turbines (50 MW) located at Zolling power plant.
* A 50% stake in a 20 MW biomass generating unit at Zolling power plant.
* Jansen power plant group:
Reisach pump storage hydro plant (99 MW)
Trausnitz hydro-electric plant (1,8 MW)
Tanzmühle power plant comprising a pump storage unit (28 MW) and a hydro-electric unit (3,3 MW)
* Power procurement from Krümmel, Gundremmingen und Unterweser nuclear power plants (700 MW).
E.ON is acquiring from Electrabel:
* Coal-fired power plant Langerlo (556 MW)
* Gas-fired power plant Vilvoorde (385 MW)
* Power procurement from Doel 1, Doel 2 and Tihange 1 nuclear power plants (770 MW) with delivery points in Belgium and the Netherlands.
The swap forms part of the measures pledged by E.ON to the EU Commission in 2008 to promote competition on the German energy market. In all, E.ON made a commitment to sell about 5,000 MW of generation capacity and its ultrahigh-voltage transmission network in Germany