Turkish renewable energy producer Baticim Enerji Elektrik Uretim has signed a
$40 million (32 million euro) loan agreement with local lender Akbank, Baticim
Enerji’s affiliate company Baticim Bati Anadolu Cimento Sanayii said.
Baticim Enerji will use the 10-year loan to finance balance
settlements for its Kovada I, Kovada II and Hasanlar hydropower plants (HPP),
cement producer Baticim Bati Anadolu Cimento said in a bourse filing on
Tuesday.
The 8.25 megawatt (MW) Kovada I HPP, the 51.2 MW Kovada II HPP
and the 10 MW Hasanlar HPP have an annual combined electricity generation of 110
million kWh, according to information on the website of Baticim
Enerji.
Baticim Enerji aims to raise its total installed renewable energy
capacity to 300 MW in 2015.