U.K. firm completes study for refinance of Turkey’s 100-MW Yamula

Renewable energy engineering consultant SgurrEnergy of the United Kingdom has completed a technical due diligence assessment of the 100-MW Yamula hydroelectric project in Turkey’s Kayseri Province.

The Scottish firm joined power and project finance specialist PowerConsult International to provide detailed technical and operational advice to a consortium of London-based international investment banks. The group is developing a multi-million-dollar refinancing package for the hydro project.

SgurrEnergy engineers performed inspections and reviews of equipment, maintenance regime, and operation and performance history as well as design and construction assessments.

�Development of hydro provides a long life renewable energy option which can provide numerous other benefits to the electrical network,� SgurrEnergy senior consultant Geoff Hoffheinz said. �SgurrEnergy’s knowledge and experience on large-scale hydro projects such as in this case enables us to offer technical services for international investment banks worldwide.�

Owner and operator of Yamula is Kayseri Elektrik Uretim Sanayi ve Ticaret, which is owned by Ayen Energy, operator of the 9.6-MW Kisik and 84-MW Camlica hydropower projects in Turkey. Kayseri Elektrik awarded a US$17.9 million contract in 2003 to units of General Electric to supply turbines, generators, and additional equipment and services to the project.

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