Welcome!

News Feed Item

Mitsubishi Heavy Industries Ltd and (Urundul Group) Ata Kombine Cevrim Santrali Elektrik Uretim Anonim Sirketi Sign Partnership Agreement in Power Generation Business in Turkey

Tokyo, Mar 5, 2014 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) based in Tokyo, Japan, and Ata Kombine Cevrim Santrali Elektrik Uretim Anonim Sirketi, a member of the Urundul Group based in Istanbul, Turkey, have signed a cooperation and strategic partnership agreement of investing into power generation project at a signing ceremony held at Cıraqan Palace Kempinski, Istanbul, Turkey on March 4, 2014.

The agreement allowed Mitsubishi Heavy Industries Ltd. to acquire a 50.1 percent interest in Kırklareligaz Enerji Uretim Sanayi ve Ticaret Anonim Sirketi which has been founded by Ata Kombine -Cevrim Santrali Elektrik Uretim Anonim Sirketi.

After signing the agreement, the parties announced that Kırklareligaz Enerji U-retim Sanayi ve Ticaret Anonim Sirketi would build a natural gas combined cycle power plant with an installed capacity of 520 MW in Turkey, Kırklareli province.

The power plant will be built by a consortium consisting of contractors Mitsubishi Hitachi Power Systems Ltd and Mitsubishi Hitachi Power Systems Europe Ltd. Construction is expected to be completed within approximately 30 months and the power plant is scheduled to be put into operation in 2016.

"We are pleased by this partnership that we have forged with Mitsubishi Heavy Industries Ltd. in the field of energy." said Omer Urundul, Vice Chairman of the Urundul Group. "Urundul Group will resolutely move toward its goal to become a leader in the field of generation of electric energy in Turkey thanks to this partnership in addition to its 30-year history and experience dedicated to the development of the Turkish economy and the energy industry." concluded his words.

Mr. Maekawa, Senior Executive Vice President of Mitsubishi Heavy Industries, Ltd. said that "The partnership with Urundul Group represents Mitsubishi Heavy Industries Ltd's fourth investment into an overseas power generation project. The three previous investment targets were the independent power producer (IPP) AES Energia Cartagena S.R.L. of Spain, Kaliakra Wind Power AD (KWP) of Bulgaria, and Pocheon Power Co., Ltd. of Korea." Mitsubishi Heavy Industries Ltd will be more deeply involved in the Kırklareli CCGT Power Plant than in its previous investment projects. Specifically, Mitsubishi Heavy Industries, Ltd. aims to collaborate with Ata Kombine Cevrim Santrali Elektrik Uretim Anonim Sirketi to ensure that construction is completed on schedule and that, once onstream, the joint venture including its business will be operated stably.

They made also some relevant technical explanation: "A gas turbine combine cycle power generation system consists of a gas turbine, steam turbine, generator, heat recovery steam generator and auxiliary equipment. In a gas turbine combine cycle system, the gas turbine is used to generate electricity and its waste heat is used to drive a steam turbine, which also produces power. This configuration enables gas turbine combine cycle power plants to make more effective use of energy, thus saving energy, and to emit less carbon dioxide (CO2), enhancing environmental compatibility. Mitsubishi Heavy Industries Ltd has already delivered numerous gas turbine combine cycle systems and gas turbines, the system's core component, both in Japan and around the world, winning the company the market's broad and solid trust in its technologies and experience."

About Mitsubishi Heavy Industries

Since its foundation in 1884, Mitsubishi Heavy Industries (MHI) has sought pioneering new monodzukuri (manufacturing) techniques, building the foundations for the development of the entire industry. Today, with environmental and energy issues to the fore, MHI provides people around the world with eco-friendly products, and contributes to society through its involvement in global infrastructure projects and other business activities. For more information, please visit the MHI website at www.mhi.co.jp.



Source: Mitsubishi Heavy Industries

Contact:
Mitsubishi Heavy Industries
Hideo Ikuno
[email protected]
+81-3-6716-5277


Copyright 2014 JCN Newswire. All rights reserved. www.japancorp.net

More Stories By JCN Newswire

Copyright 2008 JCN Newswire. All rights reserved. Republication or redistribution of JCN Newswire content is expressly prohibited without the prior written consent of JCN Newswire. JCN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...