Mitsubishi Heavy Industries

Mitsubishi Heavy Industries (MHI) and Ata Kombine Çevrim Santrali Elektrik Uretim Anonim Sirketi, a member of the Urundul Group, have signed a cooperation and strategic partnership agreement to invest in Turkey’s power generation sector.

As part of the agreement, MHI will acquire a 50.1% stake in Kirklareligaz Enerji Üretim Sanayi ve Ticaret Anonim Sirketi, which was launched by Ata Kombine Çevrim Santrali Elektrik Üretim Anonim Sirketi.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Kirklareligaz Enerji will construct a 520MW natural gas combined cycle power plant in Kirklareli province, Turkey.

A consortium consisting of Mitsubishi Hitachi Power Systems and Mitsubishi Hitachi Power Systems Europe will construct the power plant and is expected to be completed within approximately 30 months.

The power station is scheduled to be put into operation in 2016.

See Also:

MHI senior executive vice-president Maekawa said that the cooperation with Üründül Group represents MHI’s fourth investment into an overseas power generation project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"The power station is scheduled to be put into operation in 2016."

"The three previous investment targets were the independent power producer (IPP) AES Energia Cartagena S.R.L. of Spain, Kaliakra Wind Power AD (KWP) of Bulgaria, and Pocheon Power Co., Ltd. of Korea," Maekawa said.

Once the plant begins operations, MHI will ensure that the joint venture, including its business, will be operated stably.

A CCGT power plant consists of a gas turbine, steam turbine, generator, heat recovery steam generator and auxiliary equipment.

The gas turbine is used to produce power, while its waste heat is used to drive a steam turbine that also generates electricity.

Image: Signing ceremony. Photo: courtesy of Mitsubishi Heavy Industries.

Energy