Albioma acquires shares in Brazilian co-gen plant

Albioma, a France-based independent energy producer, has finalised its acquisition of the totality of shares in Rio Pardo Termoelétrica, a cogeneration plant situated in the São Paulo region in Brazil.

The bagasse cogeneration plant, which has an installed capacity of 60MW, was commissioned in 2009. Albioma says its 'expertise should enable significant improvements in the energy efficiency of the existing structure'. The company will also have scope to build a 15MW extension.

This operation represents the first stage in Albioma's development in Brazil, the group's number one growth priority outside France.

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