Russian giant to build four hydro-plants in Turkey

Russian energy systems machine-building company OJSC Power Machines is to build hydroelectric power plants in Turkey with an energy-generation capacity of nearly 940 megawatts.

The leading company in the power-plant industry has concluded a pre-agreement in Turkey to build four hydroelectric power plants. The company wants to build the technical infrastructure of these projects, which adds up to at least $1 billion of investment, according to anonymous officials from the State Waterworks Authority, or DSİ.

The Russian giant intends to build a 180-megawatt plant at the Yusufeli Dam in the northeastern province of Artvin, a 600-megawatt plant at the Gerze Dam in the northern province of Sinop and a 90-megawatts at the Kavaktepe Dam in the southeastern province of Kahramanmaraş. The company also wants to build another 70-megawatt hydroelectric power plant at the İncir Dam in the southeastern province of Siirt.

The company is monitoring merger and acquisition opportunities in the Turkish market, daily Vatan has learnt.


/Hurriyet Daily News/