Limak to start last turbine at new 420 MW Çetin hydropower plant in Turkey
Production has started at three units in the 165-meter Çetin hydropower plant dam and Limak expects to bring another Francis-type turbine of 134.2 MW online soon. Limak Energy is becoming the third-largest private player in the hydropower sector in its home country as the portfolio should top 1 GW this month. The company is about […]
Statkraft divesting largest hydro project outside Norway
The Çetin power plant in Turkey, which saw construction works suspended in February, is up for sale by its Norwegian developer. State-owned Statkraft said it is hiring Garanti Securities as a financial advisor in the bidding process, with a deadline for expressions of interest expiring on August 1. As fights between government forces and the […]
Armed conflict makes Statkraft write off hydro project
As fights between government forces and the rebels intensified in southeastern Turkey, Statkraft stated in its quarterly results it decided to suspend most of the construction works for the Çetin hydropower plants on the Botan river. The two facilities planned for total capacity of 517 MW are the Norwegian company’s biggest project outside the home […]