GM&T and Soteg sign power plant agreement

The plant will have a capacity of 800MW (two 400 MW turbines) and is expected to be built in Eisenhüttenstadt, in the state of Brandenburg. The total investment may be around €400million, and power production is expected to start in 2010.

Both parties see this investment as a first step for a closer relationship. Part of the power will be marketed directly to long term industrial customers and the remainder will be marketed by Soteg and GM&T individually.

“This transaction complements our gr