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8 October 2003 - The French state-owned gas company, Gaz de France has acquired the Shotten power station near Chester, in northern England previously owned by US utility TXU's European division, according to the plant administrators PricewaterhouseCoopers Tuesday.
The 215 MW gas fired power station, a new energy-efficient combined heat and power plant, went into administrative receivership in December 2002 when the TXU Energy group collapsed. No details of the sale price were disclosed. The plant's 30 staff will transfer to GdF.
Shotten generates power for sale and supplies steam to the neighbouring UPM Shotton paper mill. The administrators began trying to sell the medium-scale plant after bringing it back into commercial generation and trading in January.
Joint administrative receiver Roger Marsh said it was the first time that a power station in insolvency had been operated successfully for an extended period.
Last year, Gaz de France bought UK energy sales firm RWE Trading, previously owned by Germany's RWE and which specialised in supplying industrial and commercial customers, to boost its presence in the British electricity market. GdF is also active in the British gas market through its unit Gaz de France Energy Supply and is active in 33 countries worldwide.
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