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Bagistas II Hydroelectric Project

Sector: Hydro • Location: Turkey

Source: World Bank Group

Project
Active

Unit Investment N.V., part of the Unit Group [Belgium], developed the Bagistas II Hydroelectric Project, a 49.8MW greenfield, hydroelectric power project, on the Coruh River, Erzincan province. The merchant hydroelectric power plant was estimated to cost US$72 million and to start operations by end-2011, selling its output into the wholesale market. The plant was planned to generate 180mn kWh of e

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The project “Bagistas II Hydroelectric Project” is an infrastructure initiative in the Hydro sector, located in Turkey. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Unit Investment N.V., part of the Unit Group [Belgium], developed the Bagistas II Hydroelectric Project, a 49.8MW greenfield, hydroelectric power project, on the Coruh River, Erzincan province. The merchant hydroelectric power plant was estimated to cost US$72 million and to start operations by end-2011, selling its output into the wholesale market. The plant was planned to generate 180mn kWh of electricity annually. The project reached financial closure in October 2009, when TSKB (Turkiye Sinai Kalkinma Bankasi) announced that it provided an 11-year loan in the amount of US$47 million with 3-year grace period to finance the Bagistas II project.

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URL

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