A share sale agreement was signed for the amendment of the partnership structure at GAMA, founded in 1959 and operating in the construction of power plants, industrial plants, factories, high buildings and infrastructure and owning Energy and Public-Private Partnership Hospital investments.
GAMA Power Systems, a member of GAMA Holding is a leading international EPC Contractor for power plants active in Middle East, Europe, Russia & CIS and Africa.
Negotiations have been finalized and Share Sale Agreement (“SSA”) and Shareholders Agreement (“SHA”) singed with Malaysia’s largest electricity utility group Tenaga Nasional Berhad (“TNB”) for 30% of GAMA Enerji A.Ş’ shares.
Consisting of 16 wind turbines with up to 2.85 MW capacity, wind farm total installed capacity will be 45 MW. Kırkağaç WPP’s expected commercial operation date will be in the last quarter of 2016 and annual average electricity generation will be 160 GWh.
With this new investment, GAMA Enerji’s wind generation capacity will exceed 120 MW.
In October 2015, GAMA has signed Khurais Satellite GOSP Project Contract with Snamprogetti Saudi Arabia Ltd., the main contractor of Saudi Aramco. The project which is located on 180 km east of Riyadh and will be established on Italian Saipem technology. GAMA has undertaken all civil construction and electromechanical erection works, to be completed in 24 months.
STFA-GAMA Taahhüt ve İnşaat A.Ş. is awarded on October 5, 2015 by Waterway Trading & Petroleum Services LLC (100% owned by BP) for the Project. The purpose of the Project is to accomplish the survey works prior to the detail design of EPC of the Oil Terminal.
In order to meet the increasing demand of electricity in the country, approximately 320 Million US Dollars contract for the PP13 project has been signed between the Saudi Electricity Company and GAMA Power Systems Engineering and Contracting Inc.
REGA JV, Joint Venture of GAMA Industrial Plants Manufacturing and Erection Inc. and Renaissance Heavy Industries Inc. have signed construction design of CWP3B part of LNG (Liquefied Natural Gas) Plant which shall be constructed in Yamal Peninsula located in polar region of Russia.
IFC, a member of the World Bank Group, and a fund managed by the IFC Asset Management Company (AMC) have acquired a 27% stake in GAMA Enerji, supporting the company’s expansion of power and water services in Turkey and the region. This represents IFC and the Fund’s first equity investment in the infrastructure sector in Turkey and one of IFC’s largest equity investments in the infrastructure sector globally.
Further, reflecting the evolving healthcare needs of customers in the emerging markets, GE Healthcare’s 84-country Eastern and Africa Growth Markets (EAGM) region covering Turkey and the Middle East, Africa and Russia & CIS, was established in 2008, building on a heritage of more than 25 years of GE Healthcare in Turkey. Headquartered in Istanbul, EAGM’s focus in the region is to drive growth by partnering with customers to create solutions for better health system and patient outcomes.”
By using state-of-art technology, high efficiency and environmental awareness have been targeted in the 904 MW combined cycle power plant. The Engineering, Procurement and Construction contract was undertaken by GAMA Power Systems and GE Consortium and it has been foreseen that annually 6 billion 770 million kWh of electricity will be generated and 178.300 m3/h of natural gas will be consumed during 49 years.
The achievement of commercial operation of the Erzin power plant shall increase the 67 GW installed capacity of Turkey by 1,3 %, and it will contribute to modernization of the energy infrastructure. 904 MW energy shall be generated in the power plant which shall meet 2,6 % of electricity need of Turkey and it will be among the most efficient power plants in the region.
GAMA Enerji is expected to prevent 142,000 tons of greenhouse gas emissions annually by contributing to the environment almost equivalent to the clean air produced by 710 thousand trees with its more than 70 MW total installed capacity of wind power plants reached by the addition of Gök II WPP in Manisa, Akhisar.
Members of the Parliament, Governor of İzmir, Mr Kazım Türker- Chairman of TÜRKERLER Holding, Mr Ergil Ersü - Chairman of GAMA Holding and the company executives of the companies were also present at the ceremony together with an intense public crowd.
The construction period for İzmir Bayraklı İntegrated Health Campus is 36 months and it will be operated for a period of 25 years by the investing firms TÜRKERLER Holding and GAMA Holding.
o General Hospital: 715 bed capacity
o Woman’s and Children’s Hospital: 424 bed capacity
o Cardiovascular Diseases Hospital: 380 bed capacity
o Oncology hospital: 141 bed capacity
o Physical Medicine and Rehabilitation Hospital: 300 bed capacity
o High-Security Forensic Psychiatric Hospital: 100 bed capacity
The CCGT power plant - held by GAMA Enerji - which has a total investment cost of approximately 900 million dollar, will meet 2,5% electricity consumption of Turkey and more than 50% of Ankara. At the category of CCGT power plants, the investment has the distinction of being one of the largest financing in recent years.
GAMA Enerji started to invest the 840 MW Kırıkkale CCGT Power Plant in Kırıkkale. The power plant with its capacity and efficiency has a vital role among the ongoing and commissioned power plants. As the plant is expected to reach commercial operation date in 2016, and carbon emissions will be lower than the other CCGT power plants due to its capacity, high efficiency and state of art technology.
Credit Agreement was signed with the club formed by five Turkish banks (Türkiye İş Bankası A.Ş., Türkiye Garanti Bankası A.Ş., Yapı ve Kredi Bankası A.Ş., Denizbank A.Ş. ve Türkiye Sınai Kalkınma Bankası) on the 22nd of November and the financial close was reached on the 3rd of December.
The EPC Contract for the project was signed with the consortium formed by GAMA Power Systems and GE Energy in September 2013. The power plant will be a modern state-of-the art plant using the latest engineering technology: GE STAG 209 9FB with a 35 year design-life.
For over a decade, the “Arabian Business Achievement Awards 2013” has been the premier awards ceremony in the business calendar. GAMA Enerji has been awarded the “Construction Project of the Year” prize, for its investment in the Disi Water Conveyance Project in Jordan.
The Disi Water Conveyance Project is the biggest Turkish investment in Jordan. In 2010, the project, the largest privately funded water supply project in Jordan and in the surrounding region, received EMEA Finance’s “Best Infrastructure Deal in the Middle East: Disi-Mudawarra to Amman Water Conveyance System” award, as well as Euromoney’s Project Finance “Deal of the Year” award.
The project involves extracting 100 million cubic meters of water annually for 25 years, from an aquifer located under the Disi Region, and pumping the water through a 325-kilometer-long steel pipeline to the reservoirs in Amman.
According to statements made by Minister of Water and Irrigation H.E. Dr. Hazim El-Nasser, the Jordanian capital Amman will be supplied 250.000 cubic meters of water daily in addition to the current figure of 400,000 cubic meters. The project will help stabilize the water distribution program and enhance the quantities of drinking water the public receives. “It is expected that people will start to receive water up to four days a week instead of once per week,” the Minister said. Minister of MWI also added that Disi water will be distributed to other provinces in the Kingdom in the near future.
The artists of Ankara University State Conservatory, Prof. Dr. Çetin Aydar, Prof. Dr. Orhan Ahsıkal, Ass. Prof.Dr. Sinan Dizmen, Ellen Jewett and the guest soloist İdil Biret gave an unforgettable evening performance to the crowded audience at the season’s first GAMA Concert which was held at the Presidential Symphony Orchestra concert hall on 30th.of September .
During the concert, the artist played, W. A. Mozart : String Quartet K. 387 G Major, Kamran İnce “Curve” and R. Schumann's Piano Quintet In A, Op. 44. The intense applauses of the audience were rewarded with Brahms.
The contracts, for the Integrated Health Campuses which are going to be realized for the first time in Turkey, by the Public-Private Partnership Department of the Generale Directorate of Health Investments of the Ministry of Health through the implementation of the Public-Private-Partneship Financial Model, were signed on Thursday, September 12, 2013, in İstanbul in a ceremony with the participation of Prime Minister Recep Tayyip Erdoğan and Minister of Health Dr. Mehmet Müezzinoğlu.
Within the scope of the signed contracts, the GAMA-TÜRKERLER Partnership has been authorized to construct the Integrated Health Campuses of İzmir Bayraklı and Kocaeli and it shall operate them for 25 years. Both health campuses will be constructed and put into services within the next three years. The İzmir Bayraklı Integrated Health Campus which will be realized on a land plot of 622 530 m2 will have a capacity of 2 060 beds and the Kocaeli Integrated Health Campus which will be realized on a land plot of 335 648 m2 will have a capacity of 1 180 beds.
AÜ GAMA Vocational School which started its education in bio-medical main branch at the beginning of 2011-2012 academic year, had its first graduates. During the diploma ceremony held in the Vocational School Of Health at the Keçiören Campus of Ankara University, the graduates were a source of pride to their families, teachers and GAMA. The graduates have job offers from the intuitions where they had their internship even before their graduation and this was the indication of the strength of their education.
We congratulate the graduates of AÜ GAMA Vocational School and wish them continued success in their future professional life.
A strategic project that will help alleviate the water shortage in Jordan’s capital, Amman, and the surrounding region is nearing full commercial operation. The Disi Water Conveyance Project, expected to be completed in October, is already providing partial water flow to immediately address Jordanians’ urgent need for water. Successful preliminary tests were conducted in which Disi water was transported to Amman.
The King of Jordan -- His Majesty King Abdullah II Ibn Al-Hussein -- Prime Minister and Minister of Defence H.E. Dr. Abdullah Ensour, Chief of the Royal Hashemite Court of Jordan Fayez Tarawneh, Jordan’s Minister of Water and Irrigation H.E. Dr. Hazim El-Nasser, GAMA Holding Deputy Chairman and CEO Hakan Özman and GAMA Energy Board Member and CEO Arif Özozan attended a ceremony inaugurating the water supply at the Madaba Pumping Station on July 17.
Jordan's water resources per capita are among the world's lowest. Based on the current practice, water is delivered only once a week to Amman's residents. The country’s annual water consumption stands at 900 million cubic meters, however, authorities expect this figure to rise to 1.6 billion by 2015.
The government of Jordan signed a concession agreement in 2008 with Diwaco (Disi Water Company), a GAMA Holding - GE Energy Financial Services partnership, to build and operate a 325-kilometer-long water pipeline. The project involves extracting 100 million cubic meters of water annually for 25 years, from an aquifer located under the Disi Region, and pumping the water through a 325-kilometer-long steel pipeline to the reservoirs in Amman, where it will be distributed to the public. After the end of the 25-year concession period, Diwaco will transfer the project to the Government of Jordan. The Disi Water Conveyance project will account for 6 percent of Jordan's total comsumption projected for 2015.
The Disi Water Company successfully completed trials and provided partial water supply prior to full commercial operations, to meet Jordanians’ need for water in the summer, when demand is at its peak. Before being distributed to Jordanians, a series of tests in line with the World Health Organization directives were concluded. The distribution of water, found to be suitable for both potable and utility use, started July 10. The current capacity of 40% will be increased gradually upon the Ministry of Water and Irrigation's approval. .
According to Minister of Water and Irrigation H.E. Dr. Hazim El-Nasser, initially Amman will be supplied with 110,000-130,000 cubic meters of water daily. “It is expected that people will start to receive water up to four days a week instead of once per week,” the Minister said. He added that Disi water will be distributed to other provinces in the Kingdom in the near future.
The Disi Water Conveyance Project is the biggest Turkish investment in Jordan. The project, the largest privately funded water supply project in Jordan and in the surrounding region, received EMEA Finance’s “Best Infrastructure Deal in the Middle East: Disi-Mudawarra to Amman Water Conveyance System” award, as well as Euromoney’s Project Finance “Deal of the Year” award.
GAMA Trade and Tourism Inc., has participated in the largest trade fair of Turkey, International Construction Machinery, Technology and Equipment Trade Fair (KOMATEK) that is held every two years, on May 29-June 2, 2013 in Ankara Atatürk Cultural Center.
KOMATEK fair is a very important marketing platform which brings together the representatives of the construction machinery industry, while enabling the customers to compare the wide range of products. GAMA Trading and Tourism Inc. participated the fair with a 750m² unique design area. GAMA Trading represented Zoomlion’s new generation concrete pumps, tower cranes and excavators, Lonking’s wheel loaders, Mustang’s skid steer loaders and Weber’s compact construction machineries. During the fair, important business connections have been realized.
In the 250th year of the Turkish-German diplomatic relations, this concert project has been developed to underlie the cultural cooperation of Turkey and Germany and to tribute the German composer Paul Hindemith who came to Turkey 77 years ago and worked with Necil Kazım Akses, one of the important representatives of Turkish quintets, in foundation and implementation of the State Conservatory. A world-renowned German cellist Johannes Moser and Turkey’s one of the leading chamber music ensembles, the Ankara University Soloists reunite Akses and Hindemith through their work. Moreover, they embodied Turkish-German artistic collaboration on the stage by F. Schubert’s quintet which they play together in the second half of the concert.
During his trip conducted by MÜSİAD, to Latvia, H.E. President Abdullah Gül visited Riga 420 MW Electricity / 270 MW Thermal Power Plant Project site of GAMA Holding at Riga. H.E. President Gül gathered information about GAMA Holding’s operations in Latvia and visited the project site.
Within the scope of the Summit, a symposia was held covering the topics of; An Overview of Green Buildings in Turkey ,Smart Cities and Communities in Future, Cooperation for More “Livable” Cities, Green Transformation of Construction Sector ,Financial Models in Green Transformation ,Approaches from Green Building Councils ,as well as demonstrations of Green Building Practices in Turkey.
GAMA Building took place in the Green Building Reference Guide Book 2013, distributed during the conferences, as being the first “LEED-EB Gold certified building in Turkey”. In addition to that GAMA Building has received a prize for its contributions to the green building industry by the Turkish Green Building Council.
GAMA Holding received LEED (Leadership in Energy and Environmental Design) certificate given by US Green Building Council (USGBC) for third-party verification of green building standards. GAMA, is the first Turkish institution that is entitled to have LEED EB GOLD certificate for the Existing Building.
GAMA Holding’s 20 thousand meter square building that houses 380 employees, has been arranged to become environmentally-conscious while providing the highest level of comfort and health standards for the offices. GAMA applied US Green Building Council on 26th. October 2011 and received its LEED EB Gold certificate on 5th. November 2012.
Important work done especially for the energy efficiency in GAMA Holding Building which is assessed in seven categories; sustainable sites, water efficiency, energy & atmosphere, material efficiency, indoor air quality, design and site planning, and got 71 points that leads to be awarded with the gold certificate. In addition to the technical adjustments done for decreasing the energy consumption, with some little adjustments substantial amount of energy has been saved. As an example, automatically turning the lights off during the lunch break decreases daily energy consumption by 10 percent.
GAMA Holding CEO Hakan Özman said “We as GAMA Holding are aware of the fact that sustainable development and economic growth should be realized while protecting the environment and the life quality of the society. We are doing our best as being a responsible corporate citizen with creating an energy culture among our employees. The best proof of it is to win the LEED Gold certification for Existing Building, the highest level achieved in Turkey. I congratulate all members of the GAMA family for their faith and effort in this process.”
AÜ GAMA Vocational school bio-medical instrument technologies program students have completed their two month hospital internship program which will provide a significant competitive advantage to them after graduation. Most of our students will continue their internships in the same hospitals on their senior year, and some of them have already got job offers from the hospitals which they had their internships.
The success of our school, whose main purpose is to raise qualified labor force for medical instrumentation sector and provide employment after graduation, belongs to our managers, teachers and students.
The transfers from other vocational schools have filled the 30 students’ quota of AÜ GAMA Vocational school for the 2012-2013 academic years.
GAMA Education Foundation will continue its scholarships for the successful students of the school. On the other hand, GAMA Educational Foundation will also provide additional English language classes given by TÖMER. All students will have 6 hours basic and occupational English classes additional to their original curriculum which has 4 hours weekly English language class.
We believe the AÜ GAMA vocational school is a very good example for the cooperation of private sector-university, and our goal for our students is to reach world standards in their field of study.
GAMA ranked 94th. in the “Top 225 International Contractors” listings of Engineering News Record Magazine (ENR) 2012 . The companies are ranked basing on the construction revenues in the international markets.
GAMA also got the 196th place in the "Top 225 Global Contractors" listings of ENR.
GAMA ranked fourth among 33 Turkish Contractors that took part within the top 225 international companies where Turkish companies has the second highest number after the Chinese companies in the ENR listings.
GAMA Energy, the joint venture of GAMA Holding and GE unit GE Energy Financial Services, has successfully completed the construction phase of the 10-MW Karadağ Wind Power Plant and obtained provisional acceptance from the Ministry of Energy and Natural Resources.
GAMA Enerji has successfully completed the construction phase of the 10-MW Karadağ Wind Power Plant; obtained provisional acceptance from the Ministry of Energy and Natural Resources on June 4, 2012, and the plant has started to generate electricity.
Four 2.5 MW GE 2.5x100 turbines, which are regarded to be the most advanced in GE’s fleet in terms of efficiency, reliability and grid connection capabilities, are in operation at the site.
GAMA Enerji is the investor and the operator of both the 10-MW Karadağ Wind Power Plant (Aliağa, İzmir) and also the 22.5-MW Sares Wind Power Plant (Ezine, Çanakkale), which commenced commercial operations in 2011.
GAMA Enerji estimates that the two wind farms will generate enough electricity to power 59,000 Turkish homes and avoid 80,000 tons a year in greenhouse gas emissions. By focusing on a diverse production portfolio and renewable energy investments, GAMA Enerji aims to become an investor in all the areas of electricity generation and increase its total capacity to 2,500 MW.
A concert and a reception was held at the Presidential Symphony Orchestra concert hall, for the honor of Ankara University GAMA Vocational School’s inauguration, which was founded within the Vocational School Of Health at the Keçiören Campus of Ankara University and started its education at the beginning of 2011-2012 academic year, with the funding of GAMA Holding.
The rector of Ankara University, Prof. Dr. Cemal Taluğ, The Honorary Chairman of GAMA Holding Erol Üçer, GAMA Holding management, faculty members and guests, attended to the opening night of the GAMA Vocational School which was founded to raise qualified labor force and the technicians specialized in medical devices required by the medical instrumentation sector within the framework of bio-medical instrument technologies program.
Successful students are awarded various scholarships by GAMA Education Foundation. It is intended to increase the number and the variety of the sections of the school in the coming years. Ankara University, the biggest university hospital of Turkey, will provide GAMA Vocational School an important educational opportunity, with its large medical instrument park. The school will enable the specialization at the educational level and solve the recruitment problems of the medical instrumentation sector in Turkey.
In the opening concert, the artists of Ankara University State Conservatory, Orhan Ahsıkal (violin), Ellen Jewett (violin), Çetin Aydar (viola), Sinan Dizmen (cello),and Özgür Aydın (piano) played, Shostakovich Piano Quintet in G minor, Op. 57 and Brahms Piano Quintet in F minor, Op. 34.
METU, the pioneer university in modern and scientific education in our country, is presenting numerous cultural events to art lovers with its 13th. METU Art Festival. An exhibition of Turkey’s leading artists, plays, concerts, ateliers and movies are among these activities.
The METU 13th. Art Festival, sponsored by GAMA Holding, is held at Culture and Convention center between 23 March- 22 April 2012.
In the event of its 48th anniversary of founding, Ankara Chamber of Industry awarded 48 industrial firms in corporate tax, income tax, export, R&D and environment categories.
The ceremony hosted by Nurettin Özdebir the President of ACI and The Minister of Finance, Mehmet Şimşek, The Minister of Labor and Social Security, Faruk Çelik and The Minister of Economy, Zafer Çağlayan were attended to the ceremony in order to award the prizes.
The Minister of Economy Zafer Çağlayan gave GAMA Industry’s prize in the “Export Category”.
McGraw-Hill/Engineering News Record (ENR) Magazine has announced the Top 225 Contractors of the World in 2011 and GAMA has been ranked as the 75th biggest International Contractor. The companies are ranked based on the construction revenues in the international market. GAMA has also been ranked as the 143rd biggest contractor in the Global Contractors list as per the revenues of the companies both at home and international market. On the other hand GAMA listed 14th in the “Water Supply” sector of “Top International Contractors” listing of ENR.
GAMA ranked second among 33 Turkish Contractors that took part within the top 225 companies where Turkish companies has the third highest number after the Chinese companies in the ENR listings.
The 800 MW capacity combined cycle power plant, in the Surgut province of Russia, has been completed by the GAMA and GE consortium and put into operation.
The facility, which has been constructed on basis of turnkey agreement signed in October 2007 with an approximate contract value of 600 million Euros, is of great importance as it will satisfy the energy need of the Mansisky region significantly; and also because it is the second investment of e.on group in Russia and, after the 400 MW combined cycle power plant in Shatura put into operation on November 26, 2010, the second EPC (Engineering, Procurement and Construction) completed by GAMA and GE.
In the project, GE completed the procurement of the gas turbine, steam turbine and heat recovery boiler in the main power block and GAMA Power Systems completed the engineering of the power plant, procurement of all equipment besides those part of the main power block, and construction, assembly and other work of the whole facility within the time schedule and at the desired quality.
GAMA Holding with its worldwide experience in the construction of power plants and industrial facilities has been the EPC contractor of power plants with a total capacity of approximately 21,500 MW as of today.
Chairman and Board Member of GAMA Holding Ergil Ersü, said “We are proud to see the Surgut power plant in operation. With these projects, GAMA plays an important role in heavy industry of Russia.” Mr. Ersü also stated that, “GAMA has taken part in the construction of many projects in Russia since the 1990's. It has recently completed the steel rolling plant project in Vyksa and the construction of a new melting furnace and rolling plant project in the Obninsk region is ongoing.”
NEW YORK and EZINE, Turkey – June 21, 2011 – Turkey’s newest wind farm – the first owned by a joint venture of GAMA Holding A.S. and GE (NYSE:GE) unit GE Energy Financial Services – is now selling clean electricity and helping the country meet its renewable energy generation targets, the companies announced today at an American Council on Renewable Energy conference in New York.
The 22.5-megawatt Sares wind farm, located in one of Turkey’s most extreme wind regions near the city of Canakkale in the Ezine Region near the northwest coast, uses nine GE 2.5-megawatt turbines, some of the most advanced in GE’s fleet in efficiency, reliability and grid connection capabilities. Turkey’s Ministry of Energy and Natural Resources approved commercial operation of the Sares wind farm, the first in Turkey owned by Ankara-based GAMA Enerji A.Ş., the joint venture of GE EFS and GAMA Holding.
“As a global investor, we are delighted to expand our renewable energy investing to Turkey, particularly using GE’s state-of-the-art turbines, to help the country meet its energy and environmental needs with a sustainable, efficient energy source like wind,” Kevin Walsh, a managing director and leader of Power and Renewable Energy at GE Energy Financial Services, said at the American Council on Renewable Energy’s Renewable Energy Finance Forum-Wall Street.
Added Stephan Ritter, general manager of GE Renewables Europe: “The Turkish market’s potential for the wind business is very big. To realize that potential, we are committed to working with wind developers such as GAMA Enerji. As our most advanced installed wind turbine in efficiency, reliability and grid connection capabilities, the 2.5-megawatt series is an excellent match for a region with such extreme wind conditions.”
The GE-GAMA joint venture is also developing the 10-megawatt Karadag wind farm, 350 kilometers south of Sares. Project construction, also using GE’s 2.5-megawatt turbines, is expected to start in the third quarter of this year, with completion expected in the second quarter of next year. While GAMA Enerji has invested in the Sares and Karadag projects, GE Energy will maintain them under a services agreement, and GAMA Enerji will operate them.
GAMA Enerji Managing Director Semih Ergur said: “These wind farms not only support a cleaner environment but create jobs, support our company’s growth and help Turkey achieve its renewable energy goals.”
GAMA Enerji estimates that the two wind farms will generate enough electricity to power 59,000 average Turkish homes and avoid 80,000 tons a year in greenhouse gas emissions. Turkey’s Ministry of Energy and Natural Resources aims to generate 20 percent of the country’s electricity from renewable resources by 2020.
GE’s 2.5-megawatt wind turbines are used at two of the world´s largest wind projects: CEZ Romania’s 600-megawatt Fantanele wind farm, Europe’s largest onshore project; and the 845-megawatt Shepherds Flats wind project, the world’s largest wind farm, under construction in the US state of Oregon that is co-owned by GE Energy Financial Services, Caithness Energy, Google and subsidiaries of ITOCHU Corporation and Sumitomo Corporation. This machine is designed to yield the highest annual energy production in its class and builds on the success of GE’s 1.5-megawatt wind turbine, the world’s most widely deployed wind turbine, with more than 16,000 now installed.
MetCap Energy Selects GE’s New FlexEfficiency Technology for World’s First Integrated Renewables Combined Cycle Power Plant
The engineering, procurement and construction (EPC) services will be provided by GAMA Power Systems Engineering and Contracting, Inc.
MILAN, ITALY—June 7, 2011—GE’s (NYSE: GE) breakthrough FlexEfficiency* technology has been selected for an innovative new power plant being developed by MetCap Energy Investments, a Turkish project developer, the two companies announced today at POWER-GEN Europe 2011. The project will produce the world’s first Integrated Renewables Combined Cycle (IRCC) Power Plant.
By designing the plant from a total equipment and control systems perspective and utilizing the flexibility of GE’s FlexEfficiency technology, engineers were able to seamlessly integrate natural gas, wind and solar thermal power. The FlexEfficiency 50 IRCC plant is designed for flexible operation by integrating a next-generation 50 Hz 9FB Gas Turbine, a steam turbine, a generator, 22 MW of GE wind turbines and 50 MW of eSolar concentrated solar thermal tower technology, all integrated by a GE Mark* VIe plant control system.
“When we recently announced our breakthrough FlexEfficiency technology, we talked about being able to better integrate renewables with natural gas to produce cleaner, more affordable and reliable power. This project combines two renewable technologies and natural gas in the same power plant and demonstrates the benefits it can offer to power the future grid. Integrated renewable combined cycle power represents a significant growth opportunity for GE Energy. At MetCap’s site conditions, we will achieve 69 percent plant efficiency, and this technology provides the capability to deliver efficiency greater than 70 percent at Gas Turbine World conditions,” said Paul Browning, president and CEO-thermal products for GE Energy.
“MetCap Energy is on the leading edge of power development and, with this project, they have set a new global standard for the efficient integration of natural gas and renewable energy. This is the first example of how our recent investment in eSolar will enable future growth opportunities for GE Energy, and we already are seeing a growing interest in the industry for this technology. It is another big step forward for GE’s ecomagination initiative and is in lock-step with our commitment to create a cleaner, more affordable energy future,” Browning added.
The power plant will be located in Karaman, Turkey, and will be rated at 530 megawatts at site conditions, which is enough energy to power more than 600,000 homes. It is scheduled to enter commercial operation in 2015. The engineering, procurement and construction (EPC) services will be provided by Gama Power Systems Engineering and Contracting, Inc.
Dr. Celal Metin, chairman of MetCap Energy Investments, said: “At MetCap Energy, we believe our projects must simultaneously meet the need for increased energy, environmental responsibility and economic growth, while preserving precious water resources. GE’s FlexEfficiency technology was evaluated versus other state-of-the-art alternatives and was selected because it is best aligned with our vision for the future. In addition to record-setting fuel efficiency, this power plant will have zero liquid discharge, low emissions and a rapid-response, 28-minute start capability. It accomplishes this using an integrated controls system that provides single-button start for all of the elements of the IRCC power plant. And we’ve accomplished all of this with very attractive financial returns for our investment. We think this represents the future of power generation.”
“GAMA is very excited to be involved in this first-of-a-kind integrated renewables combined cycle power plant together with GE. GAMA’s name always has been attached to challenging projects, and we look forward to successfully completing another one where MetCap’s decision to use leading-edge technology will ensure implementing many new innovations such as FlexEfficiency, zero liquid discharge, single button start and many more. We believe this project will set a standard for power generation investments where sunshine and wind is abundant in places like the Middle East,” said Gökhan İnanç, Member of the Board of Directors and Deputy Managing Director of GAMA Power Systems.
“Since we started speaking with customers about the FlexEfficiency 50 technology last year, there has been great interest in the unique combination of flexibility and efficiency the plant can offer,” said Ricardo Cordoba, president of GE Energy’s Western European Region. “Now in just two short weeks, we have announced our first customer MetCap Energy, here in Europe. This technology breakthrough is being embraced by our customers, and it will transform the industry.”
On June 6, GE announced an investment and licensing agreement with eSolar, a provider of next-generation concentrated solar thermal tower technology. Under the agreement, GE will license and incorporate eSolar technology and software into its IRCC and standalone solar thermal power plants.
“eSolar is proud to participate in this groundbreaking project, integrating our solar thermal tower technology with GE’s wind and FlexEfficiency gas-fired technologies. A significant advantage of solar thermal tower technology versus other renewables is its ability to integrate with thermal power plants and thereby mitigate the challenges of intermittency caused by the weather-related variability of wind and sunshine. This is an exciting new application for us and is clear evidence that our new alliance with GE will generate significant growth potential for our business,” said John Van Scoter, CEO and president of eSolar.
The FlexEfficiency 50 plant is the result of more than $500 million invested by GE in research and development to deliver cleaner, more efficient energy. GE also has announced a $170 million investment in a first-of-its-kind full speed full load test facility in Greenville, S.C., that will provide factory validation of its new technology. In addition to the agreements with MetCap Energy and eSolar, GE has signed a memorandum of understanding with Harbin Electric Co. Ltd. to support the introduction of FlexEfficiency in China. Harbin has been teaming with GE since 2003 to provide heavy duty gas turbines for projects in China.
Our efforts of bringing our employees from Sirte to Turkey has come to an end as of 21:25 hrs 25 February 2011.
GAMA Industry’s status regarding the evacuation of Libya Project is as follows:
With our last plane departing from Sirte to Turkey, in addition to GAMA employees, we had the opportunity to bring 38 personnel of Erkoç Construction, 11 personnel of Eren Construction and 3 Turkish visitors who were also stuck in Sirte.
Therefore, the sum of people evacuated from Sirte is 999 persons (GAMA, its subcontractors, Erkoç, Eren, both Turkish and other nationalities).
Signing Ceremony (from left to right): Ilgın Sevin Özdemir – Business Development Analyst, Orkun Eyilik – Commercial Manager of GAMA Energy, Sırrı Vural Bilen – Energy Investments Coordinator, Gökhan Gökdoğan – Energy Investments Deputy Coordinator of AGE Energy.
GAMA Energy has signed a one year term Power Purchase Agreement with AGE Energy in order to sell the generation of the Sares Wind Energy Power Plant commissioned on 23rd December 2010. Owned by a subsidiary of GAMA Energy, GARET Enerji Üretim ve Ticaret A.Ş., Sares WEPPis located in Ezine district of Çanakkale. The annual expected electricity generation of the plant is around 90 million kWh.
Following the Agreement signed, Commercial Manager of GAMA Energy, Orkun Eyilik, assessed the current situation of the Turkish Electricity Market as “Due to the variable spot electricity prices, Wholesale Companies and Distribution Companies having portfolios with high consumption volumes are subject to considerable price volatility. Therefore, the number of private to private bilateral agreements as well as the wholesale contracts between suppliers are expected to increase.” The Long Term Supply Agreements; which are commonly used in foreign markets to manage and share market risk effectively, will provide market participants with better risk management by enabling energy trade prior to the construction of the generation assets as well. Currently, such transactions are increasing in number and consequently are improving the Turkish Electricity Market.
"The International Construction Services Awards” ceremony was held in Ankara by The Turkish Contractor Association.
At the Ceremony, the awards has been presented by The Prime Minister Erdoğan and The Minister of State for Foreign Trade, Zafer Çağlayan to the 33 Turkish Contractor who are listed at "The World’s Biggest 225 International Contractors” List.
GAMA Holding sponsored Istanbul Music Ensemble concert on 22nd April within scope of 26th International Ankara Music Festival as the first activity in which Gama announced its 50th anniversary. Under direction of Maestro Kamran Ince and with soloist Cihat Aşkın, one of the outstanding virtuosos of our days and international representatives of Turkish Violin School, the orchestra performed works named Music for a Lost World and Imagination Lines.
Sevda Cenap And Music Foundation 26th International Ankara Music Festival was held between 4th and 30th April 2009. French, Croatian, German, Serbian, Italian, Czech and Belgian performers attended to the festival along with Turkish ones like every year.
World Water Forum, which is arranged triennially by World Water Council with cooperation of authorities of the host country, was held from March 16th to 22nd 2009 in Istanbul with nearly 20,000 participants from 192 countries.
Gala Dinner for the press was given within 5th World Water Forum activities under sponsorship of GAMA Holding between 20:00-23:00 on Thursday evening at Suada (former Galatasaray Island) where foreign press members were hosted. Minister of Environment and Forestry Prof. Dr. Veysel Eroğlu, Jordan Water Minister Mr. Raed Abou Saoud, Secretary General of the 5th World Water Forum Oktay Tabasaran, General Manager of Gama Enerji Arif Özozan representing Gama Holding and top level managers of Gama Energy attended to the dinner.
At the dinner, Minister of Environment and Forestry Mr. Eroğlu said that the forum had found a wider significance since Istanbul is a bridge between two continents. Jordan Water and Irrigation Minister Mr. Raed Abou Saoud provided information regarding the project executed by Gama Holding which includes work for bringing fresh water to cities in his country. Abu Saoud mentioned that he did not come only to attend the form and told that he would also discuss financial details regarding the project. Secretary General of the 5th World Water Forum Oktay Tabasaran thanked every contributor, stating that arrangement of the forum in Turkey had made them proud. General Manager of Gama Enerji Mr. Özozan provided information on the project carried out in Jordan and said, “Everything affecting water positively or negatively can be considered during work regarding water. A great variety of problems on water are experienced throughout the world. We also want to contribute in solution of these problems.”
According to Engineering News Record Magazine’s in 2008, GAMA has moved up from 64th place to 60th place in the “Top 225 International Contractors” list. GAMA has been ranked as the 4th biggest International Contractor in fossil fuel plants in energy sector, 5th biggest contractor in chemical plant, 16th biggest contractor in power plant and 13th biggest in industrial process construction.
GAMA Trading & Tourism Inc., has been awarded to realize first Mobile Hospital of Turkey from Ministry of Defence - Defense Industry Secretariat. Uniteam International company from Norway, who have experience in the field of Mobile Hospitals will support us in this project. Project period is 18,5 months and the project consist of two facilities “Surgical Field Hospital" and "Mobile First Aid Station”. Structure is made from aluminum and steel containers and inflatable tents. All the components of the system to be transported by tactical wheeled vehicles.
Surgical Field Hospital and Mobile First Aid Station:
Surgical Field Hospital with 30 Beds is a mobile hospital in where advanced surgical treatments, as regards to emergency, first aid, bleed stopping, life, member and organ saver, in war and peace, and in disasters, are implemented as well as patients and injured ones are traced in intensive care unit and discharge preparations are carried out. The Hospital is in modular structure and has a capacity to utilize performing concurrently minimum 2 operations, as well as 30 beds, excluding 6 intensive care beds. It is possible to increase capacity up to 66 beds. The System shall be designed as modular structure. Emergency service and Surgery Rooms of the Hospital will be functional maximum within 3 hours.
Mobile First Aid Station (MFAS):
Mobile First Aid Station, is the first aid centers in where triage treatment is made for patients and injured ones, applying necessary cures to lightly injured, walking wounded ones and be dispatched to the front thereafter, emergency first aid, advanced life support and bleed stopping surgery is applied as life saver to the seriously wounded ones and enabling the patients are quickly dispatched to the rear hospitals and consequent discharging preparations are performed for this intention. First Aid Station is in modular structure and has a capacity to utilize performing of concurrently 2 emergency treatments and operations as well as being able to apply care and treatment to total 20 patients as 6 intensive care and 14 bedfast cares. Triage tent and four dependant units of the First Aid Station will be functional maximum within 2 hours.
GAMA Power Systems has signed a contract with TE-TO AD, a Russian-Macedonian company, in a Consortium Partnership with Alstom Switzerland Ltd. on 11 May 2007 for the Engineering, Procurement, Construction and Commissioning (EPC) of a Combined Heat and Power Plant in Skopje, Macedonia.
The Plant will export 220 MWe to the national grid and will produce 160 MWt for 60% demand of the district heating water for the city of Skopje. NTP is issued to GAMA Power Systems - Alstom Consortium on 31 May 2007. Construction works will commence on August-2007 and the project is targeted to achieve COD on 31 August 2009.