Statkraft to build 102-MW Kargi hydropower plant in Turkey

Norwegian power company Statkraft has announced it plans to construct a 102-MW hydropower plant in Turkey.

The planned Kargi hydropower plant will be located in the Corum province, northeast of the Turkish capital Ankara. The plant, scheduled for completion in2013, will utilize a part of Turkey’s longest river, the Kizilirmak, which runs into the Black Sea.

The investment in the Kargi project is expected to amount to approximately EUR 250 million (about US$341 million).

In 2009, Statkraft completed the purchase of 95 percent of Turkish hydropower operator Yesil Enerji from Global Yatirim for a total of 139.2 million euros (US$194.6 million).

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