Taqa in talks for major Turkish power project

08 January 2013

Proposed scheme will involve developing power generation capacity in Turkey of upto 7,000MW

Abu Dhabi National Energy Company (Taqa) has entered talks with Turkey to develop a power project with a generation capacity of upto 7,000MW.

Taqa is negotiating with the local Electricity Generation Company (EUAS) and the Turkish government for the project, which will involve acquiring, modernising and expanding an existing 1,400MW power plant and developing several new power plants and associated mines in the Afsin-Elbistan region in southern Turkey.

Taqa and EUAS have signed a memorandum of understanding (MOU) for the establishment of a project company in which Taqa and any future partners would retain the majority shareholding.

The negotiations between Taqa and EUAS is scheduled to lead to the signing of a host government agreement in the second quarter of 2013, which will establish the detailed terms of the agreement.

 

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