Unlisted Turkish energy and construction firm Tasyapi will raise its power production by 4,000 megawatts after signing a EUR6 billion credit with Goldman Sachs (GS), Turkish daily newspaper Milliyet reported Friday, the Ihlas News Agency, or IHA, reported.
The newspaper said the deal, which includes a partnership between Tasyapi and Goldman Sachs Group Inc.'s Cogentrix Energy subsidiary, PCG Asset Management LLC's PCG Clean Energy & Technology Fund, and Solon AG (SOO1.XE), a German solar-panel maker, aims to be able to meet 12% of Turkey's annual electricity needs by 2013.
The energy investments will focus on central and eastern Turkey as well as the northern Black Sea region, where a thermal power plant will provide 2,000 MW and wind and hydroelectric power will each provide 1,000 MW of the total output.