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Home >> Business
UPDATED: 09:06, November 22, 2005
Belgium's Electrabel invests in Dutch energy market
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The Belgian energy giant Electrabel is planning to open three new electric power stations in its neighbor the Netherlands.

According to local radio VRT, two of the power stations are to be built in the Dutch province Flevoland and will be working on gas. Electrabel is also going to build a biomass driven power station near the city of Rotterdam.

The three power stations will cost an estimated 1 billion euros and will enlarge Electrabel's production capacity by 10 percent.

Until now, the Belgian group already owns 25 percent of the Dutch market. With the new investments the Belgian group wants to maintain this position.

Source: Xinhua


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