Turkey's Progresiva to sign wind plant deal with China's Harbin Electric (updated)

Kontrolmatik Teknoloji Enerji ve Muhendislik

21/02/2024 08:03

(Adds details from company statement)
       ANKARA, Feb 21 (Reuters) - Turkey's Progresiva Energy
Investments will sign an engineering, procurement and
construction deal with China's Harbin Electric International on
Wednesday to build a wind power plant, the company said.
    The deal to build the $700 million facility in Turkey will
be signed in Ankara, according to an invitation document seen by
Reuters.
    Some $300 million in financing from China will be secured
through Harbin, Progresiva's main shareholder Kontrolmatik
 KONTR.IS  said in a statement to the stock exchange.
    The 1,000 MWh electricity storage facility is expected to be
commissioned in 2025 followed by a 250 MW wind farm in 2027.

 (Reporting by Can Sezer, writing by Huseyin Hayatsever; editing
by Kim Coghill and Jason Neely)
 ((Huseyin.Hayatsever @reuters.com;))