25 February 2008 – Gaz de France and SUEZ have together acquired an 1875 MW CCGT power plant located in Teesside, northeast England, Europe’s largest such plant.
The acquisition was concluded with Goldman Sachs and Cargill, which owned 30 per cent and 70 per cent respectively of Teesside Power Limited.
At the conclusion of the transaction, which will be submitted to the appropriate authorities for approval, SUEZ, through its subsidiary Electrabel, and Gaz de France will each own 50 per cent of the company.
In service since 1993, the Teesside unit is located at the Wilton industrial site and, with eight natural gas-fired turbines, is currently Europe’s largest combined-cycle gas turbine plant.
The Gaz de France group thus reinforces its position in the United Kingdom, where it has been present in the electricity market since 1993, raising its total installed electricity production capacity to 1150 MW.