Turkish, Saudi firms to build power plant in central Turkey

Turkish-Saudi partnership plans to start electricity generation by the end of 2014.

Turkish, Saudi firms to build power plant in central Turkey

Turkey's Eser Holding and Saudi Arabia's ACWA Power signed Friday a deal to build a natural gas combined cycle power plant in central Turkey.

The plant to be constructed in Kirikkale province will have a capacity of 800 MW. ACWA Power will own 70 percent of the company while Eser will have 30 percent.

Turkish-Saudi partnership plans to start electricity generation by the end of 2014.

Eser Holding is carrying out its operation in a wide geography from Sudan to Afghanistan, Iraq to Kazakhstan, Saudi Arabia to Uzbekistan, Algeria to Azerbaijan, Turkmenistan to Nigeria and Libya to Romania. It was listed in the top 225 International Contractors of the well known engineering magazine ENR.

ACWA Power is an owner and developer of infrastructure assets delivering water and power. It is equally owned by A.K. Al-Muhaidib & Sons Group, Abdullah Abunayyan Trading Co., as well as Mada Company for Industrial & Commercial Investment (member of Al-Rajhi Group) - three well established Saudi Arabian companies. ACWA Power is an investor in several multibillion dollar projects currently under construction in Saudi Arabia.


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Last Mod: 14 Ocak 2011, 14:13
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