2/6/2009

India's GMR in talks with Turkish companies for power plant

Hurriyet Daily News - India's GMR Infrastructure Ltd is in talks with the Turkish companies to build a natural gas-fired power station with a capacity of 1,000 megawatts, the Head of its Turkish unit said late on Wednesday. Cenk Alpsoy, Chief Executive of GMR's Istanbul-based unit, said in an interview with Reuters that GMR is meeting companies about possible investment for the project, but has not disclosed names or a figure for any possible investment. Turkey's fast growing power consumption has sparked interest from international firms including Austria's Verbund, OMV and Czech Cez. The growing power production sector relies on natural gas and coal-fired plants as well as a growing number of alternative energy supplies. GMR Infrastructure and Turkey's Limak have an 80 percent stake in the company that manages Istanbul's second international airport, Sabiha Gokcen.