GDF SUEZ has an operating presence in around 70 countries worldwide, and offers high-performance, innovative solutions to personal customers, urban authorities and companies. To achieve this, the Group relies on the control it exercises at every link in the energy value chain for power and renewables, natural gas and energy services.
GDF SUEZ had presence in energy services, infrastructure, exploration & production, innovation research & technology, energy trading and humanitarian organisation.
GDF SUEZ is pleased to announce that it has invested in a thermal project in Andhra Pradesh, India, in which the Group has a 74% equity share, with Meenakshi Energy and Infrastructure Holdings Pvt Ltd1 (the seller) retaining 26%. The Meenakshi project comprises 300 MW of operational capacity and 700 MW under construction.
This initial project in India is in line with the Group’s strategy of investing in fast growing markets and gives the Group an entry point into the Indian power sector through an economically attractive State. India has a growing demand for energy and a significant power supply deficit.
GDF SUEZ has long lasting presence in India. The Group has a 10% share as strategic partner and shareholder in Petronet, the LNG importer and terminal operator. GDF SUEZ is also currently developing with GAIL a floating LNG regasification terminal with a capacity of 3.5 million tons per year (MTPA), located in Kakinada, in the state of Andhra Pradesh. Through Tractebel Engineering, the company recently acquired Cethar Consulting Engineers, which provides support to the Meenakshi project.