OMV to sell 890MW Turkish power plant to Bilgin Enerji
The parties have agreed not to disclose the consideration. The transaction is subject to the approval of the Turkish competition council and other Turkish authorities. Closing is expected in Q4/18 at the latest.
Samsun Elektrik Üretim A.Ş. runs a gas-fired cycle power plant with a capacity of 890 MW in Terme, Samsun Province, Turkey. The plant commenced operations in 2013.
OMV will remain in Turkey with its energy sales & trading business. ■