Engie Said to Plan Sale of Over $1 Billion in Asian Coal Plants

Engie, the French utility giant formerly known as GDF Suez SA, plans to sell more than $1 billion of stakes in Asian coal-fired power plants, people with knowledge of the matter said.

The company has reached out to potential buyers for its 40.5 percent holding in PT Paiton Energy, Indonesia’s largest independent power producer, the people said. It is also planning a sale of its controlling stake in the smaller Meenakshi plant in India, the people said, asking not to be identified as the process is private.

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Posted August 18, 2015 by repit in News

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