VOL. XLIV

No 40

1-October-2001

TURKEY

Tractebel Buys Power Project InTurkey

Brussels-based Tractebel, theenergy and services division of Frances Suez, announced in 19 September thatit had signed an agreement for the acquisition of a 770mw combined cycle gasturbine (CCGT) power station project in Turkey. The project, located some 40kmfrom Ankara, is worth around $500mn and is Tractebels first foray into the Turkishenergy market.

Tractebel said that it wouldacquire 45% of the shares in the project...