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Arikcayiri Biomass Power Plant

Sector: Power Generation (CCGT) • Location: Turkey

Source: World Bank Group

Project
Active

This project consists of construction and operation of a biomass plant with capacity of 30 MW, powered by a combustion system with travelling grate and three-pass boiler that uses poultry litter as the fuel source and conventional steam turbines. It is located in Bolu, Turkiye. Total investment stands at $86.34 million, of which $26.59 million 6-year tenor loan is provided by the European Bank fo

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The project “Arikcayiri Biomass Power Plant” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Turkey. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project consists of construction and operation of a biomass plant with capacity of 30 MW, powered by a combustion system with travelling grate and three-pass boiler that uses poultry litter as the fuel source and conventional steam turbines. It is located in Bolu, Turkiye. Total investment stands at $86.34 million, of which $26.59 million 6-year tenor loan is provided by the European Bank for Reconstruction and Development (EBRD). The loan is planned to be used to replace current short-term bridge loans and shareholder loans, injected to fund construction and equipments costs. The project company is Mav Elektrik Uretim Sanayi ve Ticaret A.S., fully sponsored by Gulsan Holding A.S. Financial close is achieved on February 23, 2022. https://www.ebrd.com/work-with-us/projects/psd/53973.html

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