Tractebel/BNP Baymina Plant
One of 29 projects Taiyo tracks in Ankara Province.
Source: World Bank Group
Tractebel's BOO 763MW Baymina Plant reached financial closure in November 2002. The $360m deal was covered by various multilateral tranches from MIGA, Exim, OeKB, Hermes and OND. The deal was the first major long-term international debt financing to close since the Lira was heavily devalued in early 2001.
The project cost was US$490m giving a debt equity split of 75/25. Construction started in
- Status
- Prospective
- Sector
- Power Generation (CCGT), Commercial, Government
- Location
- Ankara Province, 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 | Tractebel's BOO 763MW Baymina Plant reached financial closure in November 2002. The $360m deal was covered by various multilateral tranches from MIGA, Exim, OeKB, Hermes and OND. The deal was the first major long-term international debt financing to close since the Lira was heavily devalued in early 2001. The project cost was US$490m giving a debt equity split of 75/25. Construction started in July 2001. The plant started operation in February 2004. The project was backed by a 15-year offtake contract with Turkish Electricity Trading & Contracting Company (TETAS) with gas supplied by Botas. The project received a MIGA guarantee in 2002, of US$115.4 million. The guarantee covered Tractebel SA and BNP Paribas for US$35 million and US$80.5 million respectively, to cover their loan guarantee to the project (US$39 million) as well as the US$84.7 million non-shareholder loan to the project company. The guarantee spanned 15 years, and covered: transfer restriction, expropriation, war & civil disturbance, and breach of contract. http://www.miga.org/screens/projects/guarant/regions/eca02/bnp-tractebel-turkey.htm http://www.suezenergyint.com/content/activities/middleeastasia/turkey_baymina.asp |
Original sector | Energy |
Budget |
Location
Country | Turkey |
State | Ankara Province |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Commercial, Government |
Article published date | 2023-02-20 |
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