METKA Achieves Mega-Deal In Turkey

Fri 30 October 2009 14:19 GMT | 18:19 Local Time

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Germany΄s titan RWE and Turcas Guney Elektrik Uretim A. S have awarded METKA the contract for the construction of a 775 MW power plant near Denizli, Turkey, an official announcement said.

The budget for this project is at 450 mil. euro plus a 40 mil. euro option while the backlog of projects contracted to the METKA Group now stands close to a total of 2.3 billion euro.

This is a major achievement for the Greek company which will for the first time cooperate with RWE, one of the leading energy companies.

METKA΄s official announcement


“In Essen, Germany ΜΕΤΚΑ and RWE & Turcas Guney Elektrik Uretim A. S. have signed an EPC contract for the construction of a 775 MW power plant near Denizli, Turkey. Key details are as follows:

Project Owner: RWE & Turcas Guney Elektrik Uretim A. S. - the newly established joint venture formed by the leading European utility company, RWE AG and Turcas Elektrik Uretim A.S., a subsidiary of Turcas Petrol A.E. (Turcas), a major energy player in South East Europe.

Contractor: METKA S.A.

Key Project Characteristics: Turn-key engineering, procurement and construction for state-of-the-art natural gas fired combined cycle power plant with a net power output of 775 MW. The plant will be based on Siemens SGT5-4000F gas turbine technology, using a multi shaft concept: 2 on 1 configuration of two gas turbines, two heat recovery boilers and one steam turbine.

Schedule: The project will be executed in phases, with a first phase for engineering and activities related to permitting the plant, followed by the full project construction phase. Commercial operation of the plant is planned for the end of 2012.

Budget: METKA΄s scope represents an amount of approximately euro 450 million with various options which may be exercised up to the end of the first phase with a total amount of approximately euro 40 million.

METKA is proud of this new award by a client with such strong credentials, representing a significant further recognition of its capability as a major EPC contractor at the international level.

Τhe backlog of projects contracted to the METKA Group now stands close to a total of euro 2.3 billion (awarded projects and projects for which contracts have been signed), out of which euro 1.3 billion represents projects implemented abroad, thus establishing METKA as one of the top exporting companies of the country.”

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