Norways Statkraft to invest USD 1.2bn in three hydropower plants in Turkey.

By bne IntelliNews September 21, 2011
Southeast Europe Head of Norway-based energy firm Statkraft, Tima Iyer, told Reuters that the company will invest a total of USD 1.2bn in three hydropower plant projects in Turkey. Iyer adds that the company plans to complete 517MW Cetin hydropower plant project by 2015 with a total investment of EUR 500mn. Please note that Statkrafts 102 MW Kargi hydropower plant is expected to come online by the end-2013 and following the completion of 517MW Cetin hydropower plant in 2015, the total installed capacity of Statkraft in Turkey will increase to 639MW and total annual production capacity of the company will reach approximately 2TWh.

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