TurkPower Corp. (GBIK.OB) Provides Update on 1320 MW Coal Power Plant in Turkey
TurkPower Corp., a Turkish-American consulting and service operations firm focused on the Turkish energy market, had entered into an exclusive agreement with Enerpro International SA back in November of 2009 and today updated investors on the status of the project. The two companies entered into the agreement to participate in Enerpro's arrangement with Horizon Enerji Dagitim ve Elektrik Uretim A.S. ("Horizon") to consult Horizon in the development, construction and financing of its 1320MW capacity Coal Power Plant (Thermal Power Plant "TPP") project in the Ceyhan area of Turkey. Current news states that Horizon now holds all necessary licenses to construct…