Statkraft to build second hydropower plant in Turkey

Statkraft to build second hydropower plant in Turkey

ID: 48659

(Thomson Reuters ONE) -


(Oslo, 11 November 2010) Statkraft has decided to construct the Kargi hydropower
plant in Turkey. The hydropower plant, which is planned to be completed at the
end of 2013, will be Statkraft's second plant in Turkey. With an installed
capacity of 102 MW, Kargi will have an average annual generation of 467 GWh,
enough to cover the electricity needs of about 150 000 Turkish homes. The
investment is expected to amount to approximately EUR 250 million.

The planned Kargi hydropower plant will be located in the Corum province,
northeast of the Turkish capital Ankara. The plant will utilise a part of
Turkey's longest river, the Kizilirmak, which runs into the Black Sea.
"Constructing the Kargi hydropower plant is an exciting investment. It gives
Statkraft a firm foothold in Turkey, a market with high economic growth,
increasing energy needs and a major hydropower potential. Kargi is a profitable
project which will provide Turkey and Europe with more clean energy. It will
also create jobs and local development," says Øistein Andresen, Executive Vice
President in charge of International Hydropower in Statkraft.

Turkey is a hydropower growth market
The Turkish energy market is growing faster than any other market in Europe.
Annually about 200 TWh electricity is consumed in Turkey, but it is expected
that this will rise to approx. 400 TWh by 2020. Population growth and increased
per capita consumption are the main drivers behind the increase. At present
nearly 20 per cent of power generation is based on hydropower, and there is a
great potential for developing more hydropower in Turkey.

More hydropower plants planned
Kargi is the second largest of five projects in the Turkish portfolio acquired
by Statkraft in June 2009. Statkraft's first power plant in Turkey, the 20 MW
Cakit plant, commenced commercial operation in June 2010 and was officially




opened by Turkey's Minister of Energy  Taner Yildiz in October. If all the
projects are constructed, the plants will have a total installed capacity of
around 550 MW and an average annual generation of approx. 1800 GWh.

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. The group employs 3,200
staff in more than 20 countries.

For more 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

For images and more facts about the project, please visit:
http://www.statkraft.com/presscentre/press-releases/




[HUG#1461250]








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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Statkraft via Thomson Reuters ONE


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Datum: 11.11.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 48659
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