Engie Wins EUR2.4 Bln Concession to Extend Paris Cooling Network

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Christina stopped. By

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Angie SA and its partners have been selected by the City of Paris for a major contract to expand the city’s cooling network.

The French utility company said on Monday that the Frachur de Paris, in which it owns 85%, has won a 20-year concession with a total estimated turnover of 2.4 billion euros ($2.72 billion). The concession starts in April 2022.

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Groupe RATP, a French transport operator, holds the remaining 15% in the Frachur de Paris.

Originally established for air-conditioned commercial buildings, Paris’ cooling network will be expanded to include cooling for hospitals, schools and other such buildings, as well as shops, some housing units and other establishments.

The network runs on 100% renewable electricity, Angie said.

“This ambitious project is part of the city’s vision to adapt to decarbonization and climate change, offering a sustainable and competitive alternative to traditional air conditioning solutions,” the company said.

Write to Christina Roca at [email protected]

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