JOHANNESBURG--July 22, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Following the announcement by the Turkish Environment Minister Veysel Eroglu that hydroelectric power stations with a total capacity of 16,500 megawatts (MW) would be built in the next five years, a Turkish-Austrian partnership announced that it had secured finance to secure the generation of 12,000 gigawatt-hours of electricity per year. The company will build 10 hydropower plants in the Seyhan, Ceyhan and Cambasi basins plus a 920-MW gas-fed plant in Bandirma. The total generating capacity of the plants in this first phase will be 1,920 MW. EnerjiSA, a company jointly held by Turkey's Sabanci Holding (Istanbul) (49%) and Austria's Verbund AG (WBAG:VER) (Vienna) (49%), has raised $1.6 billion for the first phase of the power investment program.
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