Essentium Hydroelectric Plants
Sector: Commercial • Location: Kayseri, Turkey
Source: World Bank Group
Essentium Group [Spain] developed four greenfield hydroelectric power plants with combined capacity of 45MW located in Giresun, Ardahan, Düzce and Kayseri. The plants were developed on a greenfield, build, own and operate (BOO) basis. Electricity generated by the wind farm was to be delivered to the Turkish national grid. As of end 2009, power purchase agreements (PPAs) remained to be finalized
- Status
- Prospective
- Sector
- Commercial, Wind, Hydro, Power Generation (CCGT), Raw Materials, Residential, Government
- Location
- Kayseri, Turkey
- Updated
- 22 Jul 2026
- Source
- World Bank Group
ConstructChat
Ask ConstructChat about Essentium Hydroelectric Plants
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Essentium Group [Spain] developed four greenfield hydroelectric power plants with combined capacity of 45MW located in Giresun, Ardahan, Düzce and Kayseri. The plants were developed on a greenfield, build, own and operate (BOO) basis. Electricity generated by the wind farm was to be delivered to the Turkish national grid. As of end 2009, power purchase agreements (PPAs) remained to be finalized. The total project cost for the four plants was EUR56 million (US$77.84 million). Financial closure was reached in September 2009 when it was reported that TSKB, a local bank, provided a EUR42 million (US$58.38 million) loan to Essentium Group in respect of the four hydro plants. ASC Hukuk advised TSKB and Yksel Karkin Law Office advised Essentium. Sources of revenue should be updated when PPAs are signed. |
Original sector | Energy |
Budget |
Location
Country | Turkey |
State | Kayseri |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Wind, Hydro, Power Generation (CCGT), Raw Materials, Residential, Government |
Article published date | 2023-02-20 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project