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Article: Enron Consortium Begins Construction of Trakya Power Project in Turkey
- Article from:
- PR Newswire
- Article date:
- October 8, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, Oct. 8 /PRNewswire/ -- Enron Corp. (NYSE: ENE) today announced that contractors for the Trakya Electrik project have been given notice to proceed with construction of an approximately $600 million, 478-megawatt, natural gas fired power project in Marmara, Turkey. Construction is expected to be completed by mid-1999.
The project is being funded with loans from the Overseas Private Investment Corp., up to $95 million; a commercial loan from Bayerische Landesbank Girozentrale, up to $120 million; and financing from a bank syndicate led by Bankers Trust Company with a U.S. Ex-Im Bank political risk guarantee, up to $250 million. Ex-Im Bank also has ...