Austria’s leading electricity company Verbund announced yesterday the construction by its Turkish joint venture of a 920-megawatt gas-fired power plant in northeastern Turkey by 2010.
Enerjisa, jointly owned by Verbund and Turkey’s Sabanci, got the green light for the project yesterday, after closing negotiations with Japan’s Mitsubishi Heavy Industries and Austria’s A-TEC Power Plant Systems in January.
The project at Bandirma on the southern coast of the Marmara Sea will cost some 500 million euros ($775 million) and is expected to be operational by late 2010, a statement said.
“Together, the partners (Sabanci and Verbund) aim to achieve a share of at least 10 percent of the Turkish electricity market by 2015,” it added. Enerjisa owns four natural gas power plants in Turkey.