$430m secured for Turkish gas-fired plant modernisation

The Hamitabat gas-fired power plant in Turkey is to be modernised, thanks to a $430m project finance loan.

Owners Limak confirmed the deal from banks, which will form part of the funding for a $520m total investment in the 1200 MW natural gas plant.
Siemens gas turbine SGT5-8000H at Turkish gas plant
In a statement ahead of a signing ceremony in Ankara, it named the banks involved in the loan as UniCredit, Yapi Kredi, ING, KFW IPEX and DZ Bank.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...