GDF Suez, a French-Belgian group, is one of the largest utility groups of the world and posted EUR74.7 billion revenue in 2014. It has 153,000 employees and is present in 70 countries, including Romania.
“The energy [sector] transition is a global trend that is picking up speed and means development of energy from renewable sources, without CO2 emissions, lowering energy consumption and digital revolution,” GDF Suez Energy Romania told ZF.
“To support this transformation and positioning of our group and give it meaning, a decision was made to get a new name. ENGIE is a simple resonant name, evocative of energy. It’s a contraction of the word ‘energy’.”
GDF Suez Energy Romania serves 1.5 million customers in the south of the country, including Bucharest.
The name change will be implemented in Romania by the end of 2015, the company officials said. GDF Suez Energy Romania’s operations include, besides gas supply and distribution, electricity supply, as well as generation via two wind farms in which it invested EUR160 million. It posted 4.3 billion lei (EUR972 million) revenue in 2014.
GDF Suez group announced plans to double renewable energy generation capacity in Europe by 2025, according to Reuters. (EUR1=RON4.4202)
(English version by Loredana Fratila-Cristescu)