German utility E.ON and France-based Hydrocop Concessions have unveiled plans to bid for hydropower contracts in France.
France is in the late stages of preparing to launch tenders to renew concessions for ten hydropower stations located in the Alps, the Pyrenees.
The bidding rounds were initially supposed to be made between 2010 and 2013, with new operatorships expected to be awarded between 2013 and 2015.
But none of the tenders has yet been launched, reports Reuters.
The European Union has asked France to open up 20% of its hydropower plants to competition.
E.ON aims to spend $9.2bn on expanding its renewable business over the next five years.
The move is in line with its plan to expand its renewable energy business after Germany's decision to exit nuclear power hurt the country's utilities.
Hydrocop Concessions is a group of eight energy distributors in France.
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