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27
Jan
2014

GDF SUEZ signs MOU with Turkish Government on future energy projects

Today in Ankara, in the presence of the French and Turkish presidents, François Hollande and Abdullah Gül, the Chairman and CEO of GDF SUEZ, Gérard Mestrallet, and the Minister of Energy and Natural Resources in Turkey, Taner Yıldız, signed a Memorandum of Understanding (“MOU”) with the Turkish Government relating to cooperation on future energy initiatives in Turkey.

GDF SUEZ and the Turkish Government undertake to provide continued co-operation and support to pursue objectives of further growth and investment in the Turkish energy sector. GDF SUEZ is looking to expand its presence in Turkey through the 4,400 MW Sinop nuclear development project together with EÜAŞ and Japanese partners and the 1,320 MW Adana thermal project.

At the signing ceremony, Gérard Mestrallet, Chairman and CEO of GDF SUEZ, said: “We remain committed to investing in major energy projects in Turkey and supporting the Turkish Government to ensure security of supply as the country’s demand for energy grows. With our existing presence in Turkey and expertise across the energy sector, GDF SUEZ is well placed to deliver important energy infrastructure for the country.”

GDF SUEZ has a long-standing presence in the Turkish market with activities involving power generation and gas distribution. GDF SUEZ has interests in approximately 1,250 MW of power generation capacity in Turkey through the Baymina and Unimar gas-fired power plants. The Group also owns Izgaz, the country’s third largest gas distribution company.

 

About GDF SUEZ

GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 138,200 people worldwide and achieved revenues of €82 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

 

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