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RWE and Turcas Award $667 Million EPC Contract to Metka
BANGALORE, INDIA--November 3, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Power and energy company RWE AG (OTC:RWEOY) (Essen, Germany) and Turkish joint venture partner Turcas Guney Elektrim Uretim (Istanbul), a subsidiary company of Turcas Petrol AS (IST:TRCAS) (Istanbul), have signed an agreement under which the 70:30 partnership will construct a 775-megawatt (MW) combined-cycle gas turbine (CCGT) plant at Denizli in western Turkey. The partnership has awarded construction and power plant building company Metka SA (ATH:METKK) (Neo Iraklio, Greece) the $667 million turnkey engineering, procurement and construction (EPC) contract to develop the facility. Siemens AG (NYSE:SI) (Munich, Germany) will supply the project with some of the major units such as gas and steam turbines.
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