SOCAR Turkey Enerji to acquire thermal power plant for Petkim
Baku, Azerbaijan, Aug. 31
By Maksim Tsurkov - Trend:
SOCAR Turkey Enerji intends to acquire a coal-fired thermal power plant with a capacity of 300 megawatts, SOCAR Turkey Enerji head Kenan Yavuz told reporters.
He said that coal is cheaper and it is economically reasonable to buy a coal-fired power plant.
"Socar Power has a 10-year project in Petkim with a capacity of 1500 MW," he said. "All necessary permissions were obtained for purchasing a 300-megawatt coal-fired power plant from the state. The negotiations are underway with the banks to ensure the tender process and to finance the project. The first phase of the cogeneration plant construction (Petkojen) will be completed in 2016. Thus, up to 30 percent of consumed energy will be saved up."
He said that Petkim peninsula's need for the electric and steam energy will increase by four times by 2023.
"A wind power plant with a capacity of 51 MW will be built on the peninsula to diversify the generation of electricity," he said. The project costs 55 million euro. The construction is to be completed by the end of 2016."
He added that not only Petkim's needs for electricity would be met, but the electricity would be also sold to the state as a result of the ongoing projects.
Edited by CN
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