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 eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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