Vattenfall agrees to sell Helsingor CHP plant

Vattenfall has inked a deal to sell its Helsingor combined heat and power (CHP) plant in Denmark. The buyer of the plant, as well as its heat transmission line is Danish utility Forsyning Helsingor.

The transfer of the plant is expected to take place on 30 June 2011. The parties have agreed not to disclose the purchase price and the sales agreement is still conditional on formal approval by Vattenfall’s board.

Vattenfall took over the Helsingor CHP plant in 2006 in conjunction with the acquisition of parts of what was then the Danish energy company Energi E2.

The plant uses natural gas as its fuel and has a capacity of 60 MW of electricity and 60 MW of district heat. This corresponds to the annual electricity consumption of about 62,500 households and the heat consumption of about 25,000 households.

The agreement is in line with Vattenfall’s strategy of reducing its CO2 exposure and focusing on its core markets, which are Sweden, Germany and the Netherlands.

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