OAO Gazprom, which supplies about a quarter of Europe’s requirements, said in a statement that the combined-cycle power plant would be built in the German city of Eisenhuttenstadt and would comprise two turbines with a capacity of 400 megawatts each.
Under the agreement, Gazprom and Soteg SA will each own 50% in the company building the plant, which will have the right to sell a part of the electricity produced directly to industrial consumers under long-term contracts. The remainder will be sold by Gazprom’s European marketing division and Soteg separately. (ibtimes.com)
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