GDF Suez (Euronext: GSZ) is to enter the South African power generation market after signing Power Purchase Agreements (PPAs) for two power plants with a combined capacity of 1,005 MW.

GDF SUEZ together with its partners Legend Power Solutions (RSA), Mitsui & Co (Japan), and The Peaker Trust (RSA), signed the PPAs for two greenfield open-cycle turbine power plants of 335 MW (Dedisa) and 670 MW (Avon), which are located in the Eastern Cape Province and in the KwaZulu-Natal Province respectively.

The total investment cost for the two plants is around $1,023bn.


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