# GEK TERNA and Motor Oil to merge electricity and gas activities into new utility

GEK TERNA and Motor Oil have signed a binding agreement to merge their electricity and natural gas supply and generation activities into a new entity (UtilityCo), with equal participation. The transaction is expected to be completed by early 2026.

- Type: Partnership
- Announced: 2025-07-10
- Where: Greece
- Status: announced
- Capacity: 1.5 GW generation capacity
- Products: electricity, natural gas
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Motor Oil](https://endata.com/companies/79530.md) (partner)
- [GEK TERNA](https://endata.com/companies/85915.md) (partner)

## Sources

- [gekterna.com](https://www.gekterna.com/press_release/strategic-partnership-between-gek-terna-and-motor-oil-new-utility-company-with-leading-position-in-greece-and-southeast-europe/), 2025-07-10: "GEK TERNA and Motor Oil announce the signing of a binding agreement for the merger of their activities in the supply of electricity and natural gas and the generation of electricity from natural gas-fired units."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.