4/18/2008

Inter Eyes $2.5 bln Turkey deal

The Moscow Times - Electricity trader Inter RAO wants to take part in a $2.5 billion project to build power stations in Turkey, the head of its would-be partner in the project, energy technology firm Tekhnopromexport, announced Tuesday. Sergei Molozhavy, head of state-owned Tekhnopromexport, said his firm had been approached by Inter RAO with an offer to help construct the power stations. Turkey has announced a tender to build two coal-fired turbine units with a generating capacity of 1,200 megawatts of electricity at a combined cost of $5 billion at one of the two main power stations in the country, Alfsin-Elbistan. The station now has a capacity of 2,800 megawatts. Turkey has said that 22 companies have already expressed an interest in the power stations project, including Czech energy firm CEZ, German utility RWE and Japanese energy major Mitsui. The last day to enter bids for the tender is June 26.

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