KANYON POWER PLANT

The project consists in a combined cycle gas turbine (CCGT) 840 MW power station to be constructed on a 30-hectare site on the inner Anatolian plateau, approximately 20 km south-east from the town Kirsehir, Turkey.

Objectives

The project will contribute to meeting the expected growth in electricity demand in Turkey. Because of its efficiency and due to the usage of a low-carbon fuel, the CCGT plant's carbon intensity will be by 1/4 lower than average carbon intensity of electricity in the country. The project will be implemented by a local new entrant. Therefore, the project fullfills the Bank's priority objectives for energy sector lending (competitive and secure energy) and the proposed operation is eligible for financing under the Pre-accession Facility.

Comments

Sector(s)

Energy

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 600 million

Environmental aspects

The Environmental Impact Statement for this greenfield project was completed in 2011 and it did not identify any significant negative residual impacts of the investment. The process of the Environmental Impact Assessment included public consultations. The environmental permit for the project was received in November 2011. The use of natural gas together with the provision of efficient, low emission combustion technology will result in a relatively low level of specific emissions.

Procurement

The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Under appraisal - 25/06/2012.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

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The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.