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GDF Suez SA Enters South African Power Generation Market


Wednesday, 5 Jun 2013 08:00pm EDT 

GDF Suez SA announced its first power generation projects in the Republic of South Africa (RSA) after signing Power Purchase Agreements (PPAs) for two power plants with a combined capacity of 1,005 MW. On June 3, 2013, GDF Suez SA together with its partners Legend Power Solutions (RSA), Mitsui & Co (Japan), and The Peaker Trust (RSA), signed the PPAs for two greenfield open-cycle turbine power plants of 335 MW (Dedisa) and 670 MW (Avon), which are located in the Eastern Cape Province and in the KwaZulu-Natal Province respectively. The total investment cost for the two plants is around EUR 780 million. Full financial close of the two plants is anticipated shortly. Commercial operation is expected to start at Dedisa in 2015 and at Avon in 2016. 

Company Quote

19.775
0.09 +0.46%
6:23am EDT