ZETES 3 Thermal Power Plant
Sector: Geothermal • Location: Turkey
Source: World Bank Group
In 2013, Eren Enerji Elektrik Üretim AS (Eren Enerji), a subsidiary of Eren Holding, began construction of a 1,320 MW coal fired ZETES 3 (Zonguldak Eren Termik Santrali III) power plant in Zonguldak, Turkey. Eren Enerji has two other coal fired power plants in Zonguldak – 160 MW Zetes 1 and 1,320 MW Zetes 2 that began operations in 2010. All plants run on imported bituminous coal, which arrives vi
- Status
- Prospective
- Sector
- Geothermal, Power Generation (CCGT), Seaport, Government, Commercial
- Location
- Turkey
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
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Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
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Description
Description | In 2013, Eren Enerji Elektrik Üretim AS (Eren Enerji), a subsidiary of Eren Holding, began construction of a 1,320 MW coal fired ZETES 3 (Zonguldak Eren Termik Santrali III) power plant in Zonguldak, Turkey. Eren Enerji has two other coal fired power plants in Zonguldak – 160 MW Zetes 1 and 1,320 MW Zetes 2 that began operations in 2010. All plants run on imported bituminous coal, which arrives via a nearby coal port, also owned by Eren Enerji. The total cost of Zetes 3 was estimated at USD 1.05 billion. The project reached financial close in November 2013 by securing a loan of USD 400 million each from Garanati Bank and Isbank for a total debt of USD 800 million. The balance of USD 250 million was funded by Eren Enerji for a debt equity ratio of 76:24. The power plant with two units of 660 MW is expected to start operations in 2015 after a construction period of 21 months. Harbin Electric International Company Limited is the EPC contractor. |
Original sector | Energy |
Budget |
Location
Country | Turkey |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Geothermal, Power Generation (CCGT), Seaport, Government, Commercial |
Article published date | 2024-06-05 |
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