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Colruyt, consortium close to wind park buy

BRUSSELS, June 30 (Reuters) - Belgian discount supermarket chain Colruyt (COLR.BR) is in talks with Flemish financing group PMV to adopt Belgian offshore wind farm project Belwind, Belgian business daily De Tijd said on Tuesday citing unnamed sources.

Colruyt was not immediately available to comment on the report.

De Tijd said while Colruyt would be the largest shareholder of Belwind, it wouldn't have a majority share. Along with Colruyt and PMV, Dutch sea wind investor Zeewind, Dutch bank Rabobank [RABON.UL] and SHV Holding [SHVHD.UL] would also form the consortium.

The newspaper said Rabobank and SHV were large holders in Econcern, Belwind's Dutch parent company which filed for suspension of payments in May.

The paper said Belwind was negotiating with banks for a loan for the first part of its wind park, which the newspaper said would involve some 55 wind turbines and would cost between 500 and 600 million euros.

It said the European Investment Bank had agreed to lend 300 million euros ($420 million), and that Belwind had already closed a contract with Electrabel for purchase of the wind flow.

Now that it's in the press maybe they'll actually sign (</forlorn hope>)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jul 1st, 2009 at 02:17:23 PM EST

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