Saudi Arabia’s Acwa Power Inaugurates $1Bn Power Plant in Turkey

Tuesday, 28 November, 2017

Saudi-based Acwa Power has announced the launch of the $1-billion Kirikkale Combined Cycle Power Plant in Turkey which has a 1,000 MW capacity, enough to meet three percent of the country’s total electricity demand.

The project was officially launched at a major ceremony held at the Presidential Complex in the presence of President Recep Tayyip Erdogan and Berat Albayrak, the Minister of Energy and Natural Resources besides other senior officials.

It is located in the municipality of Kiliclar in the Yahsihan District, 15km from Kirikkale City Center and 50km east of Ankara.

“The inauguration of this project is a clear sign of the growth and modernization in Turkey, which is making the country set for continued development,” Acwa Power Chairman Mohammad Abunayyan said.

The plant is the first and largest of Saudi energy investments in Turkey’s power sector. Abunayyan said that it stressed Acwa Power’s role in boosting Saudi foreign investment base in the economic, strategic and investment sectors, in line with requirements of Saudi Vision 2030 and its objectives.

“We applaud the Turkish authorities on delivering a key infrastructure project to drive the economy forward for future generations,” he added.

For his part, Managing Director at ACWA Power Thamer al-Sharhan said that achieving this significant milestone has only been possible through the support extended by various institutes, including Energy Ministry, Regulator (EPDK), TEIAS, Kirikkale Governor and Municipality.

“This project is an ideal example of the power of public-private partnerships in fulfilling national ambitions,” Sharhan said.

Notably, the Kırıkkale Power Plant will provide a steady and reliable energy to Turkey’s national grid.

The project is also among the top three most efficient combined cycle gas power plants in Turkey, significantly contributing to the country’s economy through savings in gas consumption.

Source: Asharq al-Awsat.

Link: https://aawsat.com/english/home/article/1097416/saudi-arabia%E2%80%99s-acwa-power-inaugurates-1bn-power-plant-turkey.

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