12:01 AM EDT, 04/29/2026 (MT Newswires) -- Eiffage (FGR.PA), Dalkia, and RATP Solutions Ville secured a new 25-year concession contract for the Parisian district heating network, according to a Tuesday release. As part of the new contract, the consortium agreed to establish a French ad hoc semi-public company with the City of Paris and Banque des Territoires. The consortium will hold 51% of the new company, with the City of Paris owning 34% and the bank holding the remaining 15%. The new company will oversee the new concession, which will take effect on Jan. 1, 2027. Throughout the concession term, the new company is expected to invest 3.4 billion euros to support the modernization and decarbonization of the heat network.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.