GDF Suez Signs with South Africa for Two Peaker Power Plants Worth $1.02 Billion

JOHANNESBURG--June 10, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--GDF Suez (Paris, France) confirmed that it has signed 15-year power purchase agreements (PPAs) with South Africa's state-owned power utility Eskom (Johannesburg) for two open-cycle gas turbine (OCGT) peaker power plants with a combined output capacity of 1,005 megawatts (MW). The plants have a combined investment value of $1.02 billion. Other companies featured: AES Corporation (NYSE:AES)