Aksa Builds $319 Million Coal-Fired Plant With Bank Loans
This article is for subscribers only.
Aksa Enerji Uretim AS, Turkey’s biggest non-government power producer, started construction of a 270-megawatt coal-fired power plant at a cost of 580 million liras ($319 million) in the northwestern province of Bolu.
Istanbul-based Aksa Enerji, part-owned by Goldman Sachs Group Inc., got a loan of $240 million from Turkiye Is Bankasi AS and Turkiye Garanti Bankasi AS to finance the project, chief executive Serdar Nisli told reporters before the ground breaking ceremony in Bolu’s Goynuk district today, attended by Energy Minister Taner Yildiz. The remainder will be financed from Aksa’s own resources, he said.