Bagistas II Hydroelectric Project
Active · Erzincan
Source: World Bank Group
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
- Status
- Prospective
- Sector
- Power Generation (CCGT), Hydro, Government
- Location
- Erzincan, Turkey
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
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. |
Original sector | Energy |
Budget |
Location
Country | Turkey |
State | Erzincan |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Hydro, Government |
Article published date | 2023-02-20 |
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