Belgium power grid operator considers investing in France, Netherlands operators
In 2010, Elia purchased part of German TSO 50Hertz Transmission from Vattenfall, Sweden's state-owned utility company
Elia, Belgium's transmission system operator, is considering buying stakes in two neighboring grid operators, TenneT of the Netherlands and France's RTE (Reseau de Transport d'Electricite), according to Reuters.
Back in March, Mel Kroon, TenneT's chief executive, confirmed that the Dutch government was considering selling part of TenneT in an initial public offering to raise $644 million to invest in upgrading the grid in the north of the country and enabling the connection of wind farms.
According to Belgian business paper L'Echo, the French government wants state-controlled EDF to sell its subsidiary RTE.
Elia's chief executive Jacques Vandermeiren confirmed in both L'Echo and De Tijd that he would be interested in taking stakes in the two neighbouring grid operators as long as certain conditions were met.
"The operation needs to happen, the price must be right, we need to get a big enough stake and our shareholders must find that it's an opportune deal," said Vandermeiren.
In 2010, Elia purchased part of German TSO 50Hertz Transmission from Vattenfall, Sweden's state-owned utility company.