Brief: Motor Oil And GEK Terna Form Joint Venture Worth EUR 375.0 Million For Energy Investment

Motor Oil (Hellas) Corinth Refineries

11/06/2021 08:03

June 11 (Reuters) - GEK TERNA Holdings Real Estate
Construction SA  HRMr.AT :
    * ANNOUNCES JOINT VENTURE WITH GEK TERNA FOR EUR 375.0
MILLION
ENERGY INVESTMENT AT COMOTINI
    * SAYS PROJECT IS FOR CONSTRUCTION, AND OPERATION OF NATURAL
GAS
POWER PLANT OF 877 MW IN  KOMOTINI, NORTH GREECE
    * SAYS CONSTRUCTION WILL START IN 2021 AND COMMERCIAL
OPERATION
EXPECTED IN 2024
    * SAYS THE TWO GROUPS WILL PARTICIPATE WITH A 50% STAKE EACH
IN
THE JOINT SCHEME

Source text:  ID:nNDL9qNY0H 
Further company coverage:  HRMr.AT 

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