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Gazprom to build gas-fired power plants in Europe
25.06.2012 08:41
Gazprom to build gas-fired power plants in Europe

The Russian gas monopoly Gazprom and the French EDF Group have signed a Cooperation Agreement on joint construction and acquiring gas-fired power plants in Europe.

The Russian gas monopoly Gazprom and the French EDF Group signed a Cooperation Agreement in respect of potential collaboration for gas-fired power plants in Europe within the framework of the St. Petersburg International Economic Forum – 2012.The document provides for the possibility of joint construction of gas-fired power plants and acquisition of existing ones on a parity basis. The Agreement also stated that Gazprom would be the exclusive supplier of gas for the needs of joint power plants.

The two companies are already involved in the offshore section of the South Stream gas pipeline project and are aimed at building strong partnership.

The EDF Group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe.

Author: Irina Fomina

Tags: Gazprom     

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