The company will invest approximately EUR500m to construct this Cetin hydropower plant on the Botan River, a tributary to the Tigris River in the Siirt province in the southeast part of Turkey.
The project, which will have an average annual production of 1.4TWh of electricity, is planned with two dams and two power stations.
Cetin Main will have an installed capacity of 401MW and a significant reservoir, and further downstream, Cetin Lower is planned with a generating capacity of 116MW, the company said.
A joint venture between two Turkish constructors Yuksel and Ilci will conduct the civil works, while Austrian company Andritz Hydro is nominated as contractor for electro-mechanical equipment.
After the completion of the Cetin hydropower project in 2015, Statkraft will have a total hydropower generating capacity of 639MW in Turkey.
