The French utility company GDF Suez has entered into a contract to secure the remaining 30 percent of British International Power that it does not already own.

In securing complete coverage of the British electricity company, GDF are looking to increase coverage of global and developing markets with view to substantially increasing future growth.

Spokesmen from GDF comment today saying,"IPR has leading positions in regions supported by steady energy demand such as South America, the Middle East, South-East Asia and Australia."