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Qatar’s QPI acquires 25% stake in Greek Heron II

22 Jul 2013

(MENAFN) Qatar Petroleum International (QPI) has agreed to buy a 25 percent stake in Greek GEK TERNA’s Heron II Power Plant, The Peninsula Qatar reported.

Heron II is a 435 MW combined cycle gas turbine (CCGT) environmental friendly power plant with reduced fuel consumption and lower CO2 emission.

QPI is seeking to drive Qatar’s global diversification, expansion, and investment.

GEK TERNA is a leading company that is listed in the ASE with total assets of $3.5bn and annual turnover of close to USD1 billion.

It actively operates in power production, electricity supply, natural gas and LNG, construction and real estate across Europe, Mena and USA.

Its subsidiary “QENERGY Europe” holds a direct agreement with RasGas for LNG supply to Greece.

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