T-Power nv is a gas-fired 425 MW power plant in Tessenderlo (Belgium). T-Power has been operating a 425 MW CCGT (combined cycle gas turbine) plant on the premises of Tessenderlo Group in Tessenderlo (Belgium) since June 2011. A tolling agreement was concluded with RWE group for a period of 15 years (until 2026) for the full capacity of the plant. The power plant employs about 30 employees. T-Power realized in 2017 a turnover of 69 million EUR, a REBITDA of 52 million EUR and a net result of 19 million EUR (figures in accordance with International Financial Reporting Standards – IFRS).
On October 2, 2018 Tessenderlo Group finalized the acquisition of the remaining 80% of the shares of T-Power nv. More information can be found in the press release.