RWE, Turcas to build Turkish power plant
German power company RWE to build Turkish power plant with partner company Turcas
- On 7:18 am EDT, Friday October 30, 2009
FRANKFURT (AP) -- German power company RWE AG said Friday it has signed an agreement to build a new power plant in Denizli, western Turkey, with its joint venture Turcas.
No financial details were released but RWE, based in Essen, said it would probably make its final investment decision in the first quarter 2010.
Metka, a Greek power plant builder, will be responsible for construction, and Germany's Siemens AG will supply major components, including gas and steam turbines, RWE said in a statement.
The plant, to be finished in 2012, will be a 775-megawatt combined cycle gas turbine plant.
"The Turkish market is attractive, and we wish to carry out a few more projects in order to participate in the growth opportunities the country offers," Leonhard Birnbaum, RWE's chief strategic officer said.
Shares of RWE were unchanged at euro60.88 in Frankfurt afternoon trading.
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