At the category of CCGT power plants, the investment has the distinction of being one of the largest financing in recent years.
GAMA Enerji started to invest the 840 MW Kirikkale CCGT Power Plant in Kirikkale. The power plant with its capacity and efficiency has a vital role among the ongoing and commissioned power plants. As the plant is expected to reach commercial operation date in 2016, and carbon emissions will be lower than the other CCGT power plants due to its capacity, high efficiency and state of art technology.
Credit Agreement was signed with the club formed by five Turkish banks (Türkiye Is Bankasi A.S., Türkiye Garanti Bankasi A.S., Yapi ve Kredi Bankasi A.S., Denizbank A.S. ve Türkiye Sinai Kalkinma Bankasi) on the 22nd of November and the financial close was reached on the 3rd of December.
The EPC Contract for the project was signed with the consortium formed by GAMA Power Systems and GE Energy in September 2013. The power plant will be a modern state-of-the art plant using the latest engineering technology: GE STAG 209 9FB with a 35 year design-life.
