GEK Terna closes agreement with Engie and Qatar Petroleum of Heron Group

GEK TERNA reached an agreement with ENGIE and Qatar Petroleum for the acquisition of 100% of the shares of HERON Group.

HERON SA was founded by GEK TERNA 20 years ago and was the first private company to invest in and operate a gas-fired power plant (ΗΕRON I) in Greece, in 2004. Today, it owns two gas-fired power plants in the area of Viotia (HERON I and HERON II), whose total capacity is approximately 600 MW. It is worth noting that GEK TERNA participates in the development of another gas-fired plant in Komotini, with a capacity of 877 MW, thus forming a portfolio of gas-fired units with a total power of 1.5 GW.

The finalization of the agreement is subject to the approval of the competent authorities.