Hattat Partners China Power, Avic for $2 Billion Power Plants
Hattat Holding AS, a Turkish group with interests in mining, auto and energy, signed an agreement to build three power plants each with a capacity of 660 megawatts for $2 billion with China Power Investment Corp. (CPIZ) and Avic International.
The agreement includes developing coal mines for $300 million in Bartin in northern Turkey where the plants will be located, according to an e-mailed statement from Istanbul-based Hattat today. The plants will be coal-fired, it said.
To contact the reporter on this story: Ercan Ersoy in Istanbul email@example.com.
To contact the editor responsible for this story: Benedikt Kammel at firstname.lastname@example.org.
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.