Russian Company OJSC Power Machines to Build Four Hydro-plants in Turkey

Russian energy systems machine-building company OJSC Power Machines is to build hydroelectric power plants in Turkey with an energy-generation capacity of nearly 940 megawatts.

The leading company in the power-plant industry has concluded a pre-agreement in Turkey to build four hydroelectric power plants. The company wants to build the technical infrastructure of these projects, which adds up to at least $1 billion of investment, according to anonymous officials from the State Waterworks Authority, or DSİ.

The Russian giant intends to build a 180-megawatt plant at the Yusufeli Dam in the northeastern province of Artvin, a 600-megawatt plant at the Gerze Dam in the northern province of Sinop and a 90-megawatts at the Kavaktepe Dam in the southeastern province of Kahramanmaraş. The company also wants to build another 70-megawatt hydroelectric power plant at the İncir Dam in the southeastern province of Siirt.

The company is monitoring merger and acquisition opportunities in the Turkish market, daily Vatan has learnt.
Sunday, March 20
SOURCE: HURRIYET DAILY NEWS