Statkraft to build second hydropower plant in Turkey
11.11.2010 08:00 | pressrelease
Statkraft has decided to construct the Kargi hydropower plant in Turkey. The hydropower plant, which is planned to be completed at the end of 2013, will be Statkraft’s second plant in Turkey. With an installed capacity of 102 MW, Kargi will have an average annual generation of 467 GWh, enough to cover the electricity needs of about 150 000 Turkish homes. The investment is expected to amount to approximately EUR 250 million.
(PRESS RELEASE - Oslo, 11 November 2010) The planned Kargi hydropower plant will be located in the Corum province, northeast of the Turkish capital Ankara. The plant will utilise a part of Turkey’s longest river, the Kizilirmak, which runs into the Black Sea.
“Constructing the Kargi hydropower plant is an exciting investment. It gives Statkraft a firm foothold in Turkey, a market with high economic growth, increasing energy needs and a major hydropower potential. Kargi is a profitable project which will provide Turkey and Europe with more clean energy. It will also create jobs and local development,” says Øistein Andresen, Executive Vice President in charge of International Hydropower in Statkraft.
Turkey is a hydropower growth market
The Turkish energy market is growing faster than any other market in Europe. Annually about 200 TWh electricity is consumed in Turkey, but it is expected that this will rise to approx. 400 TWh by 2020. Population growth and increased per capita consumption are the main drivers behind the increase. At present nearly 20 per cent of power generation is based on hydropower, and there is a great potential for developing more hydropower in Turkey.
More hydropower plants planned
Kargi is the second largest of five projects in the Turkish portfolio acquired by Statkraft in June 2009. Statkraft’s first power plant in Turkey, the 20 MW Cakit plant, commenced commercial operation in June 2010 and was officially opened by Turkey’s Minister of Energy Taner Yildiz in October. If all the projects are constructed, the plants will have a total installed capacity of around 550 MW and an average annual generation of approx. 1800 GWh.
Statkraft is Europe's largest renewable energy company. The group develops and generates hydropower, wind power, gas power, solar power and district heating, and is a major player on the European power exchanges. The group employs 3,200 staff in more than 20 countries.
|Kargi fact sheet|