Statkraft to build hydropower plant in Turkey

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.

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.

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