EDBR to invest in Turkish hydropower company
The European Bank for Reconstruction and Development (EBRD) is mulling an equity investment of up to US$35 million to acquire up to a 20 % stake in HoldCo.
HoldCo is a vehicle to be established as a 100 per cent owner of five operating run-of-the-river hydro power plants (HPPs) currently owned by Ronesans Enerji and partners. The five HPPs have an installed capacity of 114 MW and are located in the northern part of Turkey.
The Bank’s equity investment will be alongside Edison, an European energy company with operations in electric power and hydrocarbons exploration and production, owned by Electricité de France (EDF); and Ronesans Enerji, Turkish energy company, owned by Ronesans Holding, a diversified conglomerate with activities in construction, real estate development and energy.
Country news
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May 28, 2015
Inframed and Limak reach Financial Close for the Hamitabat CCGT Modernisation Programme
Limak Yatirim and InfraMed Infrastructure have reached financial close for the modernisation of the 1,156 MW Hamitabat Combined Cycle power plant in Lüleburgaz Turkey. Read more -
June 05, 2015
Mitsubishi Corporation signs Capital Alliance with Turkey’s Calik Enerji
Mitsubishi Corporation (MC) has recently announced that MC entered into a strategic alliance with Calik Holding (Calik), one of leading conglomerates in Turkey, and Calik Enerji Sanayi ve Ticaret A.S. (CE), a subsidiary of Calik that includes the acquisition of shares in CE and exchange of personnel. Read more -
June 09, 2015
juwi Group to develop its first PV solar project in Turkey
The German juwi Group is currently constructing seven PV solar plants with a combined capacity of 7.4 MW in the Turkish municipality of Denizli. Read more -
July 27, 2015
Turkey launched tender processes to privatize Alia?a and Bursa gas plants
The Turkish government has launched tender processes for the privatization of a pair of combined cycle and gas turbine power plants. Read more
