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Birecik Power Plant

Sector: Commercial • Location: Turkey

Source: World Bank Group

Project
Active

This plant was a 672MW (6x112-MW), 62.5m high, 2.5km long dam. Total financing for the project was DM2.3bn, comprising DM1.9bn of senior debt, DM300m of equity, and DM100m of start-up revenues. Shareholders were: the public utility Turkiye Elektrik Uretim Iletim A.S. (TEAS) (30%), Gama Endustri Tesisleri Imalat ve Montaj A.S. (18%), Philip Holzmann of Germany (16.9%), GEC-Alsthom (16.7%), Strabag

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The project “Birecik Power Plant” is an infrastructure initiative in the Commercial sector, located in Turkey. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This plant was a 672MW (6x112-MW), 62.5m high, 2.5km long dam. Total financing for the project was DM2.3bn, comprising DM1.9bn of senior debt, DM300m of equity, and DM100m of start-up revenues. Shareholders were: the public utility Turkiye Elektrik Uretim Iletim A.S. (TEAS) (30%), Gama Endustri Tesisleri Imalat ve Montaj A.S. (18%), Philip Holzmann of Germany (16.9%), GEC-Alsthom (16.7%), Strabag of Austria (8.4%), Verbund Plan of Austria (4.3%), Sulzer Hydro of Germany (3.7%) and TGT (2%). The consortium had a 15 year power purchase agreement (PPA) with TEAS. The financing package was a mixture of $1bn in export credits with a tenor of 15 years and $332m in commercial loans repayable over 7.5 years.

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Source reliability

High

Data quality score

100%

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URL

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