Qatar Petroleum buys stake in Heron Power Plant- Capital.gr

Qatar Petroleum buys stake in Heron Power Plant- Capital.gr:

"Qatar Petroleum International signed a strategic alliance agreement with the Greek Company GEK TERNA to acquire 25 percent of share in its Heron II Power Plant. The partnership signals QPI’s first investment in Greece. 

The agreement was signed here yesterday in the presence of H E Dr Mohammed bin Saleh Al-Sada, Minister of Energy and Industry, by Nasser Al Jaidah, CEO of QPI, and George Peristeris, CEO of GEK TERNA Group. The signing ceremony was also attended by Sheikh Saoud bin Abdulrahman Al Thani, Executive Director for Gas and Power at QPI, and Dr Theodore Theodoropoulos, Managing Director of QENERGY Europe.

Heron II is a 435 MW combined cycle gas turbine environmental friendly power plant with reduced fuel consumption and lower CO2 emission. GEK TERNA is a leading company that is listed in the ASE with total assets of $3.5bn and annual turnover of close to $1bn."

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