News

Government privatizes Karacaören hydropower plants

Published

November 10, 2015

Comments

0

Share

Published:

November 10, 2015

Comments:

0

Share

GAMA Enerji Holding won a tender to privatize hydro facilities Karacaören 1 and Karacaören 2, located between the city lines of Isparta and Burdur in the west of the country, at a cost of 515 million Turkish liras (EUR 168.9 million), Anadolu Agency’s Energy Terminal reported.

The installed power capacity of Karacaören 1 is 32 MW, generating 142 GWh of electricity a year. The other power plant generates 206 GWh a year with an installed electricity capacity of 47 MW. In total, 10 companies applied for the tender. After five elimination rounds, the qualifying companies then proceeded to open bidding.

The auction’s minimum limit was set at EUR 32,800 and the opening bid started with an offer of EUR 166.9 million. After one hour, GAMA won. The company develops and invests in power and water infrastructure projects in Turkey and the surrounding region.

Related Articles

Energy transition development opportunity EPCG Montenegro

Energy transition is development opportunity for EPCG, entire Montenegro

03 June 2023 - The energy transition proved to be a development opportunity for Montenegro, headline speakers said at the EPCG Net event in Budva

serbia law on energy changes

Serbia is changing energy law: state commission for energy networks to be established

02 June 2023 - The Government of Serbia approved a bill with changes to the Law on Energy, largely to transpose the European Union's acquis

Serbia quota solar power auction

Serbia issues quota for upcoming solar power auction, adopts rules on balancing, premiums, feed-in tariffs

02 June 2023 - The government determined the quota for the premiums it intends to award for solar, defined balancing responsibility, premiums, feed-in tariffs rules

Abazovic Montenegro achieve energy independence 2030

Abazović: Montenegro to achieve energy independence in 2030

02 June 2023 - Outgoing Prime Minister Dritan Abazović said his pre-election coalition is pledging to make Montenegro energy independent in 2030