TurkPower Corporation

TurkPower Corporation is a Turkish-American consulting and service operations firm with a strong focus on the Turkish energy market. TurkPower offers consulting and services for wind, hydro, solar, coal and geothermal energy parks in Turkey. TurkPower is also involved in the Turkish mining industry by acquiring and consolidating operational mines with proven reserves.

On Dec. 1, 2010, TurkPower Corporation said it is has signed a consulting and sell mandate with the owner of a lignite fired thermal power plant project, to consult in the development, construction and financing of its 500MW capacity lignite thermal power plant ("TPP") project in Konya, Turkey. The TPP project includes a lignite mine to fuel the plant. Lignite reserves are calculated to be 152,000,000 million metric tons, and can supply the TPP for an estimated 42 years. The mine shows an average lignite thickness of 12 meters and the licensed mining area is 1,852 acres and the license is valid for 42 years. Site exploration studies were conducted by North American Coal Corporation. Total investment necessary to fund the project is approximately $1.26 billion.

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