Statkraft powering Turkish homes

Statkraft powering Turkish homes

ID: 21922

(Thomson Reuters ONE) -


(Istanbul/Oslo, 3 June 2010) Statkraft will make its first deliveries of clean
and self-made hydropower to the Turkish market this week. The Cakit power plant
is Statkraft's first in the country, and it is expected that Turkish demand for
energy will double by 2020. Statkraft has plans for more and larger hydropower
plants in Turkey.

"Statkraft's venture in Turkey is profitable and contributes to providing Europe
with more clean energy. It also creates local jobs and development," says
Statkraft CEO Christian Rynning-Tønnesen.

Starting this week, the Cakit power plant will deliver power to the Turkish
electricity spot market. Cakit was one of several projects in the company Yesil
Enerji, which Statkraft acquired for approx. EUR 80 million at the end of June
last year. Over the course of the past year, Statkraft has completed the plant
and started operations. Cakit is a run-of-the-river plant, with an installed
capacity of 20 MW and will have an average annual production of 95 GWh. This
amounts to the electricity consumption of about 32 000 Turkish households.

More power plants in the works
Statkraft is working on another three projects in Turkey. If all are completed,
the facilities will have a total capacity of approx. 550 MW and the average
production capacity will be approx. 1800 GWh annually. The total investments
will amount to EUR 500-600 million. According to plan, the construction of the
next power plant in Turkey will start later this year. The Kargi power plant is
located in the Black Sea region, and is planned with a 102 MW capacity, five
times that of Cakit.

Turkey, a growing electricity market
There is a great potential for developing renewable energy in Turkey, and it
could become one of the leading European countries within this field. Turkey
uses some 200 TWh of electricity annually, but it is expected that the demand




will grow to 400 TWh by 2020. At present, about 20 per cent of the total energy
production is based on hydropower, and there is a great potential for hydropower
development in Turkey.

The official opening ceremony will take place later this year.

Statkraft is Europe's largest renewable energy company. The group develops and
generates hydropower, wind power, gas power, solar power and district heating,
and is a major player on the European power exchanges. Statkraft also develops
osmotic power and other innovative energy solutions. In 2009 Statkraft posted
gross operating revenues of EUR 2.9 billion. The group employs 3,400 staff in
more than 20 countries.


For further information, please contact:

Torbjørn Steen, International Press Spokesperson, Statkraft AS
tel.: +47 24 06 72 28 / +47 911 66 888
Tima Iyer, SVP Southeast Europe, Statkraft AS
tel.: +47 24 06 74 69 / +47 906 23 475
www.statkraft.com

Images of Cakit power plant can be downloaded here:
http://www.flickr.com/photos/44290727(at)N07/?saved=1



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Datum: 03.06.2010 - 10:04 Uhr
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News-ID 21922
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