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Albioma and Reunion Island sign multi-year energy framework agreement

France-headed energy utility Albioma SA and Reunion Island have signed a framework agreement relating to Albioma’s contribution to Reunion Island’s multi-year energy plan covering the 2017- 2019 period. This agreement defines the Group’s objectives in terms of renewable energy production on Reunion Island.

On June 7, 2017, Frédéric Moyne, Chief Executive Officer of Albioma, and Didier Robert, Regional President of Reunion Island, signed a framework agreement relating to Albioma’s contribution to Reunion Island’s multi-year energy plan covering the 2017- 2019 period. This agreement defines the Group’s objectives in terms of renewable energy production on Reunion Island (photo courtesy Albioma).

On June 7, 2017, Frédéric Moyne, Chief Executive Officer of Albioma, and Didier Robert, Regional President of Reunion Island, signed a framework agreement relating to Albioma’s contribution to Reunion Island’s multi-year energy plan covering the 2017- 2019 period. This agreement defines the Group’s objectives in terms of renewable energy production on Reunion Island (photo courtesy Albioma).

According to a statement, this agreement has taken place in the context of the Energy Transition Act of August 2015, which sets a target of generating 50 percent of energy from renewable sources in each of the French overseas regions and departments by 2020.

As a major player in the island’s electricity production, Albioma has undertaken to gradually replace the coal at its Bois-Rouge and Le Gol thermal power plants with sustainable biomass.

The Group will also develop new means of producing renewable energy in order to contribute to increasing its share in the energy production mix: two new photovoltaic (PV) plants are currently under construction and the peaking combustion turbine in Saint-Pierre which operates with bioethanol will be commissioned in December.

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