Damlapinar hydro power

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Damlapinar hydro power was a 42MW owned and operated by AES-IC Ictas Energy, a joint venture between US AES Corp (51%) and IC Holding (49%). The project increases AES' small hydro capacity in Turkey to 42 MW. The project cost was $65 million, of which $36 million was financed by a non-recourse seven-year term loan. The 16 MW Damlapinar facility included two 8.2 MW Francis Turbines from Harbin Power Engineering, a Chinese manufacturer, and the Engineering, Procurement and Construction work was performed by IC Ictas Construction. Damlapinar was the first of two AES-IC cascading run-of-river facilities and included a small dam with storage capacity that will allow production planning for peak generation during key periods. The downstream 28 MW Kepezkaya facility, as well as the 18 MW Kumkoy small hydro project, located in Samsun, are both expected to start commercial operation by the end of the year. Electricity generated by the renewable power project was to be sold into the wholesale market through day-ahead spot sales or to eligible customers through short-term contracts