Wednesday 6 July 2011

GDF-International Power’s NYC gas plant fires up

GDF SUEZ and International Power's gas-fired power plant in New York City has begun commercial operations. The Astoria Energy II plant is part of a project that cost US$1.3 billion to develop.

Philip Cox, CEO of International Power which is 70% owned by GDF, said: "New York is an attractive market and this project adds to our existing interest in the 575MW Astoria Energy I facility. Backed by a long‐term offtake contract with one of the largest state public power organizations in the US, Astoria Energy II further strengthens our North America portfolio."

Astoria Energy will sell its entire output to the New York Power Authority under a 20‐year contract.