OREANDA-NEWS. Gazprom Marketing & Trading Ltd. and Soteg SA have signed a Memorandum of understanding to set up a joint venture for construction of Combined-Cycle Plant (CCP) in Germany.

Pursuant to the document, CCP with total capacity of 800 Mw (two turbines of 400 Mw) is planed to be constructed in the town of Eisenhuttenstadt. It is planned to commit EUR 400 million. CCP will be commissioned in 2010.

A part of electric power produced will be sold by the joint venture directly to industrial consumers under the long-term arrangements, with rest to be marketed by Gazprom Marketing & Trading Ltd. and Soteg SA.