Energy Industry
Industry: Email Alert RSS FeedGaz de France, SUEZ team to buy Teesside
Pipeline & Gas Journal, April, 2008
Gaz de France and SUEZ have acquired the 1,875 MW Teesside CCGT power plant in northeast England. The acquisition was concluded with Goldman Sachs and Cargill which owned 30% and 70% respectively of Teesside. SUEZ, through its subsidiary Electrabel, and Gaz de France will each own 50% of the company.
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In service since 1993, the Teesside unit is located at the Wilton industrial site and, with eight natural gas-fired turbines, is Europe's largest combined-cycle gas turbine plant.
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