Chinese, Korean firms in talks to build Turkish power plant

24 February 2013 0 Comments

Turkey’s Hattat Holding is in talks with a Chinese firm and a South Korean firm to build a new coal-fired thermal power plant in Amasra province, near the Black Sea.

Hattat has a license to mine coal there, and wants to build a 1,320MW power plant as part of a US$4.7bn overall investment in the region.

“We are in talks with one Chinese and one South Korean firm,” Hattat board member İpek Hattat, told the Hurryiet Daily News. “We negotiate with the Chinese one more frequently, but the South Korean firm is a giant one and they are very eager about the deal too. I think we will sign a deal by June.”

She said the company would invest more than $1bn in the power plant, and aims to start construction this year.

In April last year, Hattat Holding and China Avic International Holding agreed to cooperate in engineering, purchasing and construction of a 1,320MW thermic power plant to be built in the northern Turkish province of Bartın. The project costs are set at about $1.5bn.

The Hurryiet Daily News reported that Turkey imported $601bn worth of energy in 2012, $4.6bn of that being coal, according to the Economy Ministry and Turkish Statistical Institute.