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Although made a loss in 2015, ENGIE targets investment of 22 billion euros over the next two years

25 February 2016
Oil&Gas
energynomics

ENGIE, the french energy group, recorded a net loss of 4.6 billion euro in 2015, after the 2014 net profit of 2.4 billion euro, writes Agerpres. ENGIE depreciated the value of its assets with 8.7 billion euro.

ENGIE proposes for the next two years to alienate assets of 15 billion euro and to invest 22 billion euro. The group estimates a quota of 85% of regulated activities (distribution of gas and electricity) within its operating profit in 2018 compared to 50% in 2015, according to Agerpres.

From the proposed assets for sale, ENGIE announces to sale of the energy production facilities of 13 GW located within US, India and Indonesia in order to reduce the group net debt by 5.5 billion euro.

In Romania, Engie works in distribution, trading and supply of natural gas, electricity, energy and environmental services.

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