Finance
Power costs to drop by 2021 via Turkey YEKA wind proj.
- Turkey's first Renewable Energy Resources Zone Project for wind will likely reduce electricity prices: Kalyon Holding Head

The competitive costs of electricity clinched at Turkey's Renewable Energy Resources Zone Project (YEKA) tender is likely to be reflected in cheaper electricity costs to consumers after the project is completed in 2021, according to Kalyon Holding Energy Group head on Thursday.

The offered price of $3.48 per kilowatt-hour of electricity production in Turkey's first 1,000-megawatt wind tender on Thursday, Aug. 3, broke a record in Turkey as the lowest cost of electricity per hour accepted from wind power generation, surpassing the previous record of $10.30 per kilowatt-hour.

A Siemens Gamesa - Turkerler - Kalyon consortium won the first 1,000-megawatt wind tender offered by Turkey's Renewable Energy Resources Zone Project (YEKA).

One of the winning partners of the YEKA tender, Kalyon Holding Energy Group Head, Murtaza Ata, said in exclusive interview that by 2021 the power plant will be finalized and connected to the power grid.

"When the wind plant is completed and connected to Turkey's electricity installed capacity, electricity prices will likely fall and will positively affect electricity consumers," he underlined.

The turbine production factory that will produce the project's wind turbines is expected to begin production by 2019. The consortium will construct the factory in Turkey in the next 21 months, following the signing of the agreement. Up to 450 wind turbines, each with a minimum capacity of 2.3 megawatts will be manufactured at the factory.

When completed, the YEKA wind power plant will generate approximately 4 billion kilowatt-hours of electricity, powering 1.1 million homes annually.

"Firstly, we expected to produce 3 billion kilowatt-hours of electricity, but with the mastery of our technological equipment, we are expecting to produce 4 billion kilowatt-hours of electricity," he explained.

Ata explained that part of the facility - 700 megawatts (MW) will be constructed in the Thrace region of Turkey and the remaining 200 MW will be built either in Sivas in central Turkey or Eskisehir in northwestern Turkey.

Wind power in YEKA will enable the country to install high wind capacity at a cost of around $1.2 billion and will avoid 1.5 million tonnes of carbon emissions each year.

The wind tender on Aug. 3 saw the submission of bids and attendance of the world's top wind turbine producers for Turkey's 1,000-megawatt wind project.

Berat Albayrak, Turkey's energy and natural resources minister said the YEKA wind project would contribute positively to the relationship between Turkey and Germany through the winning bid from a Turkish-German consortium.

Reporting By Nuran Erkul

Writing By Gulsen Cagatay

Anadolu Agency

energy@aa.com.tr

10 Aug,2017
FINANCE NEWS