GEK Terna and GDF Suez have entered on December 2008 a partnership wherein both groups hold a 50% stake in the two power plants of GEK Terna (Heron I & Heron II). All the regulatory approvals have now been obtained and all conditions have been satisfied. As a result GDF SUEZ has become a shareholder of the two project companies that will run Heron I and II.
Both power plants are state-of-the art efficient and clean gas fired plants and located in Viotia (about 120 km north of Athens). Heron I, the first private power plant in Greece, is a 150 MW open cycle gas fired power plant that is in operation since 2004. Heron II, a 450 MW combined cycle gas fired power plant, is currently under construction by Terna and is scheduled to come in commercial operation early in 2010. The power plants will be owned and operated by the joint venture of GEK Terna and GDF Suez and will benefit from the complementary activities of its owners.
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