ENBW will invest over $3 billion euro in Turkish energy sector

07/06/2010 10:16 Electricity Market

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German power utility ENBW, the third main energy supplier, is ready to invest together with its Turkish partner, Borusan Group, 3-3.5 billion euros in Turkish energy sector.

Borusan Group is a conglomerate of steel businesses, distributorship, logistics, telecommunications and energy industries, with a generated turnover of 3.8 billion USD in 2008. The aim of the joint venture is the development of the Turkish electrical grid, High Voltage transport lines, new power stations and generating capacities, mainly in the renewable sector, where Borusan has already some activities that will be added to this project. On the other hand, ENBW is known for its hydropower traditions in power generating sector. The project is scheduled for the next 12 years with an estimated generating capacity of 2000 MW.

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