ČEZ to participate in construction of three water-powered electricity plants in Turkey

The Czech energy giant ČEZ’s offshoot Akenerji will be building three water-powered electricity plants in Turkey. The overall investment will total 120 million euros. The company will take out an 84 million Euro loan to finance the deal. The capacity of the power plants will be 64 kilowatts and they are expected to start operating in 2012. In Turkey, the power sector is undergoing privatization and ČEZ wants to be a part of this trend, the director of the company’s international division told journalists.

Author: Sarah Borufka