Russian energy firm Gazprom announced that construction has started on the TurkStream gas pipeline in the Black Sea near the Russian coast.
Italian construction firm Astaldi, via joint ventures (JV), has secured two contracts valued at more than €1bn in Turkey.
A consortium formed by Hanwha Q Cells and Turkish firm Kalyon Enerji has won the tender to build a 1GW solar power plant in Turkey.Expected to be the region's largest project of kind, the new solar power plant will be established in the Karapinar region at a tariff of US$0.0699/kWh.Estimated to cost $1.3bn, the project will have an installed capacity of 1,000MW (AC) and will generate enough electricity to power more than 600,000 households. The consortium will also establish 500MW of fully integrated PV manufacturing capacity in the country. It will be operational within 21 months.Murtaza Ata, Kalyon Energy Group president, said: “This is a big step towards reducing the external energy dependency on which the Ministry has been focusing over the past year.“With this project, Turkey's external energy dependency will decrease. This project shall also open opportunity window to extend solar business beyond our borders since Turkey has a significant geographical importance due to its close proximity to the Middle East and North Africa, where solar power potential is quite significant."Hanwha Q Cells chairman and CEO, Seong-Woo Nam, said: "We are excited to be a part of this historic milestone energy project in Turkey and the region. We will bring our leading technology and operations expertise to bring environmentally sustainable energy solutions to Turkey and to support the Turkish government's aim to be energy independent."The power plant is expected to become operational within 21 months.
The global construction industry risk levels have risen for the fifth consecutive quarter, according to Timetric’s Construction Intelligence Center (CIC).
The European Bank for Reconstruction and Development (EBRD) has approved $134.75M in financing for electricity companies operating in north-western Turkey.
The European Bank for Reconstruction and Development (EBRD), Export Development Canada (EDC) and the Overseas Private Investment Corporation (OPIC) have agreed to provide €376M in financing for the development of a healthcare complex in Turkey.
The European Bank for Reconstruction and Development (EBRD), the Export Development Canada (EDC) and the Overseas Private Investment Corporation (OPIC) are co-financing the construction of a €769.6M hospital in Izmir, Turkey.
The Third Bosphorus Bridge in Turkey has opened to traffic.The hybrid cable-stayed bridge is part of the $5bn Northern Marmara Highway project that will link the cities of Odayeri and Paşaköy. The $3bn bridge — built in less than three years by IC Ictas and Astaldi consortium — holds the following records: • The only suspension bridge in the world with a deck that includes eight lanes for motorway and two railway lines at the same level; • The widest suspension bridge in the world at 59m; • The tallest A-shaped towers in the world at 322m — taller than the Eiffel tower; • The longest suspension bridge in the world with a deck that features a railway line. Paolo Astaldi, chairman of Astaldi Group, said: “The Third Bosphorus Bridge is a bridge of firsts that brings the industry of professional engineering to new heights. “Astaldi is proud to have played a leading role in this ground-breaking project that demanded the very best in engineering skill and advanced technology.“The bridge will not only bring new growth to the region and alleviate traffic pressure within Istanbul, but it will also create a new important link between Europe and Asia.”Construction work on the remaining sections of the motorway is underway.
SapuraKencana TL Offshore has won a MYR510M ($125M) contract for the Trans Anatolian Natural Gas Pipeline (TANAP) offshore Dardanelles Strait in the Sea of Marmara.The company, a subsidiary of Malaysia's SapuraKencana Petroleum, will be responsible for the engineering, procurement, construction and installation (EPCI) of offshore pipelines and fibre optic cables for TANAP. SapuraKencana’s president and group CEO Shahril Shamsuddin said: “This contract win demonstrates that our transformation and strategies are continuing to enhance our competitiveness globally.“Our cost reduction efforts and increased operational effectiveness have driven this enhanced competitiveness that has helped us to secure our latest wins in Mexico and TANAP, both totalling just under RM1bn. These wins will contribute positively to the group’s performance.”The project is set to start in the third quarter of 2016 and will be completed in the third quarter of 2018.TANAP is a natural gas pipeline project that connects the continents of Europe and Asia, to supply natural gas from the Southern Gas Corridor project in Azerbaijan through Georgia and Turkey to Europe.
The European Bank for Reconstruction and Development (EBRD) has provided funding for the development of a €318m hospital in Konya, in the central Anatolian region of Turkey.
When workers broke through the Eurasia Tunnel in August 2015, it marked not only the first time Europe and Asia were connected by a road tunnel, but also represented the crowning achievement for one of the world’s most challenging tunnelling projects.