Aksa Enerji Uretim, Turkey’s biggest non-government power producer, started construction of a 270-megawatt coal-fired power plant at a cost of 580 million liras ($319 million) in the northwestern province of Bolu.
Istanbul-based Aksa Enerji, part-owned by Goldman Sachs, received a loan of $240 million from Turkiye Is Bankasi and Turkiye Garanti Bankasi to finance the project, Chief Executive Serdar Nisli told reporters. The remainder will be financed from Aksa’s own resources, he said.
Turkey’s energy industry is luring international companies such as Verbund and Austria’s OMV as electricity demand is set to grow by an average 6.3 percent over the next 20 years, according to data published by the energy market regulator. Goldman Sachs Group Inc. bought 13.3 percent of Aksa Enerji in April for $240 million.
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