Germany's RWE AG (RWE.XE) and its Turkish joint venture partner Turcas have signed the construction agreement for the planned 775-megawatt combined cycle gas turbine plant in Denizli in the west of Turkey, RWE said Friday.
MAIN FACTS:
-RWE holds a 70% share in this joint venture.
-The Greek power plant builders Metka are responsible for constructing the plant and major components such as gas and steam turbines will be supplied by Siemens AG (SI).
-Construction is to start in 2010 and the power plant should be commissioned at the end of 2012 if all goes according to plan.
-RWE will probably make the final investment decision in the first quarter of 2010, once the building permission has been granted.