Akenerji Feke I hpp

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Akenerji was planning the development of the 30 MW Feke I hydropower plant, run-of-river, Goksu river, Adana province, Southeast Turkey. Annual production was estimated at 115 GWh. Akenerji was partly owned by Czech state-controlled CEZ (37.5%) and Turkish Akkok Group (37.5%), 25% of its shares were publicly traded in the Istanbul Stock Exchange. Commissioning was expected for late-2011, construction started in early-2010. The developer received a 49 year production license for the project in May 2007. The Feke I plant was the second of five hydropower projects Akenerji was developing in the Goksu river. The Turkish government opened up for tender concessions for 52 run-of river hydropower plants, between December 2009 February 2010. During the tenders, 615 bids were made and the deals were finalized in May/June 2010. Esimated costs were $338 million for the five projects. IFC approved in June 2010 credit of up to $75 million towards the five projects, including: the 30 MW Feke I, the 70 MW Feke II, the 27 MW Himmetli, the 30 MW Gokkaya and the 3 MW Saimbeyli plants, as well as future support for any power distribution projects developed by Akenerji. On a MW pro-rata basis, this implies a $62.4 million investment for the Feke I plant, including $14.0 million IFC Loan. The project was recorded under IFC Project number 29359.