TAQA set to sign Turkish coal plant dealby Adam Lane on Dec 30, 2012
Abu Dhabi’s TAQA is reportedly set to sign a new coal field and power plant development deal with Turkey during January, according to Platts. A spokesperson for the energy giant is quoted as saying that the agreement will cover the renovation of an existing 1,400 MW facility, together with the construction of as much as 7GW of new generating capacity using lignite.
Some reports have put the value of the deal at US $12 billion, and have suggested the new capacity will be added over the next decade. A joint venture with Turkey’s EUAS is also being examined.
Back in October, TAQA signed a cooperation deal with EUAS in relation to an existing lignite plant in the Afsin-Elbistan region of Turkey. The declaration also extended to new mine development, and new power sites within the same area.
Turkey’s Afsin-Elbistan field holds reserves of an estimated 4.4 billion tonnes of low grade lignite.