Ezurum 99.5MW hydroelectric power plant

26/8/2016
Project development, Project finance

$ 240 million

Announced

26/8/2016


Overview:

  • Ezurum 99.5MW hydroelectric power plant
  • Czech power company Energo Pro has signed an agreement to develop a hydropower plant in Ezurum in Turkey.
  • When complete, the new facility, which is expected to cost $240 million, will have a capacity of 99.5MW. 
  • Turkish lender Akbank is providing financing to Energo Pro to fund the development.
  • Energo Pro subsidiary, ČKD Blansko, and Litostroj Power, a Slovenian water turbine manufacturer, will be responsible for developing the new plant. 
  • The plant is expected to be operational by 2019. 
  • Energo Pro has five hydropower plants in Turkey with a combined capacity of 95MW. 

Ben Naylor - EMEA Editor

Jurisdictions:

Czech Republic
Türkiye

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy


Firms:

Party: Akbank (Lender)


EY

Party: Energo Pro (Project developer, Borrower)


Party: Energo Pro (Project developer, Borrower)