Turkey's ambitious aims for power plants

Article Abstract:

In Turkey, the government hopes to raise some $7 billon in 1997 through offering 20-year leases on 12 power plants, some existing and some nearing completion. The plan is part of a program to accelerate the privatization process and to raise an estimated $13 billion in 1997. Other businesses to be partially privatized in 1997 include Turk Telecom and steelmaker Ergeli. Separately, the build-own-operate program for power projects is moving ahead, with six projects, together totalling $4.6 billion, being offered to private bidders.

Motor and Generator Manufacturing, Motors and generators, Electric Power Generating Equip, Management, Turkey, Electric power

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Enron counter-guarantee

Article Abstract:

A 12-year counter-guarantee with a ceiling of $430 million has been provided by the Indian government for the Dabhol power scheme, headed by Enron. The counter-guarantee, which sets down an increase of 9% a year, applies only to the 740 MW first phase of the scheme. The government now plans to provide counter-guarantees for other fast-track power schemes by Sep 30, 1996. The Maharashtra State Electricity Board and the Dabhol Power Corp currently have a power-purchasing agreement which is valid for 20 years.

Foreign operations, India, Enron Corp., ENE, Electric power-plants

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Merida leads Mexican wave of projects

Article Abstract:

In Mexico, the much-postponed 440 MW Merida III thermoelectric plant is to finally go ahead, with the government announcing that it has received bids to build and operate the plant. Among the companies interested in the project are Mexico's Grupo ICA, Gutsa Construcciones and Grupo Tribasa; and foreign firms including General Electric, Mitsubishi and Itochu. The government is unable to build extra generating capacity because of lack of funds and is trying to attract foreign private investment.

Investments, Design and construction, Mexico, Thermoelectric generators

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