E.ON AG (EON) and Turkish energy firm Turcas Petrol AS (TRCAS.IS) have gained approval from the Turkish energy regulator to jointly build a power plant in Denizli, Turkey, Turcas said Friday, the Ihlas News Agency, or IHA, reported.
In a statement to the Istanbul Stock Exchange, the firm said that the natural gas-fired power station will have a production capacity of 840 megawatts.
E.ON had said last September it had reached an agreement with Turcas to build jointly two new power plants in Turkey.
Turcas didn't give further details in the statement about the other power plant Friday.
According to the agreement the two companies established two joint ventures to develop, build and operate each plant. E.ON owns 70% and Turcas Elektrik controls 30% of the joint ventures.
Turcas had said earlier that one of the power stations would be fueled by natural gas while the other would be coal-fired.
At 0940 GMT, Turcas shares were trading 2.13% higher at 9.60 Turkish lira, outperforming a 1.35% higher overall market.