Following clearance by European Competition Authorities, SUEZ and Gaz de France have completed the acquisition of Teesside Power Limited from Cargill and Goldman Sachs. Gaz de France and SUEZ, through its subsidiary Electrabel, each own 50 per cent of the company.

The Teesside unit is a 1,875 MW CCGT power plant located in northeast England, at the Wilton industrial site. With 8 natural gas-fired turbines, it is currently Europe's largest combined-cycle gas turbine plant.

SUEZ and Gaz de France will upgrade the 15-year-old Teesside Power Station, following the local authorities' (Redcar and Cleveland Borough council) granted planning permission. The new owners will carry out a thorough appraisal of the plant, before deciding how and when to progress any upgrade work.

Tags: Gaz de France, Teesside Power Limited