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QPI acquires 25% share in Greek power plant
GEK TERNA Group CEO George Peristeris and QPI CEO Nasser al-Jaidah shaking hands after signing the agreement in the presence of HE Dr Mohamed bin Saleh al-Sada, Minister of Energy and Industry.
By Joseph Varghese/Staff Reporter
Qatar Petroleum International (QPI) and GEK TERNA signed a definitive agreement to acquire a 25% stake in the Heron II Power Plant of Greece at a function in Doha yesterday.
This is QPI’s first investment in Greece, and “the start of a long and fruitful relationship between both companies”, said QPI officials.
The agreement was signed in the presence of HE Dr Mohamed bin Saleh al-Sada, Minister of Energy and Industry, Nasser al-Jaidah, CEO of QPI, and George Peristeris, CEO of GEK TERNA Group.
The signing was attended by Sheikh Saoud bin Abdulrahman al-Thani, executive director for Gas and Power at QPI, and Dr Theodore Theodoropoulos, managing dir