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Catalagzi Thermal Power Plant

Sector: Geothermal • Location: Turkey

Source: World Bank Group

Project
Active

On December 22, 2014, Turkish energy firm, Elsan Elektrik, took over the state owned 300 MW Catalagzi coal-fired thermal power plant in the province of Zonguldak after signing the final sale agreement with Turkey’s privatization administration (OIB).

Elsan Elektrik submitted the second highest bid of USD 350 million in the tender for the rights to operate the plant in April 2014. Local mining co

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

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Description

Description

On December 22, 2014, Turkish energy firm, Elsan Elektrik, took over the state owned 300 MW Catalagzi coal-fired thermal power plant in the province of Zonguldak after signing the final sale agreement with Turkey’s privatization administration (OIB). Elsan Elektrik submitted the second highest bid of USD 350 million in the tender for the rights to operate the plant in April 2014. Local mining company Demir Madencilik, which also supplied hard coal to the plant, placed the highest bid, USD 351m, for a potential vertical integration. However, due to failure to finance by the deadline, OIB passed the tender award to the second highest bidder, Elsan Elektrik. http://www.oib.gov.tr/portfoy/elek_uretim_santralleri_eng.htm

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