1/19/2011

Turkish-Saudi JV to invest USD 800 million in energy

Hurriyet – Turkish Eser Holding and Saudi Acwa Power Intl. have signed a partnership deal to build a combined-cycle gas power plant. The USD 800 million plant will be built in the Yahsiyan district of Kirikkale in Central Anatolia.
“The Turkish-Saudi project will employ some 500 people and will be operational by 2014,” said Turan Kiratli, Kirikkale Deputy of the ruling Justice and Development Party, who coordinated the efforts to decide on the location of the investment. The power plant will have a capacity of 800 MW.
turkey; energy industry; energy investment; combined cycle; power plant; kirikkale; eser holding; acwa; turan kiratli

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