<?xml version="1.0" encoding="utf-8"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:admin="http://webns.net/mvcb/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:content="http://purl.org/rss/1.0/modules/content/"> <channel> <title>News form GAMA Corporation | www.gama.com.tr</title> <link>http://www.gama.com.tr</link> <description>News from us</description> <dc:language>en</dc:language> <dc:creator>admin at gama dot com dot tr</dc:creator> <dc:rights>Copyright 2012</dc:rights> <admin:generatorAgent rdf:resource="http://www.gama.com.tr/" /> <item> <title>GAMA Industry awarded in the “Export Category” at its “48th Years Prizes” by Ankara Chamber of Industry.</title> <link>http://www.gama.com.tr/pop/news?id=77</link> <guid>http://www.gama.com.tr/pop/news?id=77</guid> <description>//<![CDATA[
	In the event of its 48th anniversary of founding, Ankara Chamber of Industry awarded 48 industrial firms in corporate tax, income tax, export, R&amp;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”. 
//]]></description> <pubDate>2011-12-23 11:30:11</pubDate> </item> <item> <title>The Top 225 Contractors of the World in 2011 has been announced.</title> <link>http://www.gama.com.tr/pop/news?id=79</link> <guid>http://www.gama.com.tr/pop/news?id=79</guid> <description>//<![CDATA[
	McGraw&#45;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.&nbsp;GAMA ranked second among&nbsp; 33 Turkish Contractors that took part within the top 225 companies where Turkish companies has the third highest number&nbsp; after the Chinese companies in the ENR listings. 
//]]></description> <pubDate>2012-01-18 05:45:20</pubDate> </item> <item> <title>Gama And General Electric Consortium Open 800 Mw Power Plant In Russia</title> <link>http://www.gama.com.tr/pop/news?id=71</link> <guid>http://www.gama.com.tr/pop/news?id=71</guid> <description>//<![CDATA[
	The 800 MW capacity combined cycle power plant, in the Surgut province of Russia, has been completed by the GAMA and General Electric 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 General Electric. 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 Executive 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 1990s. 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.”&nbsp;&nbsp; &nbsp;About GAMAGAMA was established in Turkey in 1959 and has become a leading international general contractor and investment company with operations in 20 countries extending from Ireland in the west to Russia’s Sakhalin Island in the east. GAMA Group Companies presently have contracts in 12 countries valued about USD $6.6 Billion and a work force of 14,000 employees.&nbsp; Besides being an EPC supplier of power plants and general contractor of industrial facilities, GAMA’s other core business is energy investment, which is handled by its subsidiary GAMA Energy A.Ş. For further information, please visit www.GAMA.com.tr&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;About Gama Power Systems Engineering and Contracting, Inc. The knowledge of GAMA, which has successfully completed the project planning of many steam boilers and accessories, the procurement of materials, manufacturing, assembly, operation and delivery services in various capacities since 1963, did not remain limited to boilers and both the effect of its steam power equipment on performance and its activities in the energy sector enabled the Group to reach a stage where it can fully undertake power systems. As a natural result of reaching this stage, GAMA Boiler Technology, Inc.’s core business was extended with the addition of power systems and in 2003, the company was renamed as GAMA Power Systems Engineering and Contracting Inc. GAMA Power Systems plays an active role in the engineering, procurement and construction (EPC) of power plants both home and abroad and, having made impressive ground in a short period of time in line with this objective, undertakes the construction of important projects on an EPC basis. For more information, visit www.gama.com.tr/gamapower.About GEGE (NYSE: GE) is a diversified global infrastructure, finance and media company that has been built to meet essential world needs. GE, which has committed itself to innovation in energy, health, transportation and infrastructure, operates in more than 100 countries and employs more than 300,000 people worldwide. GE has been active in Turkey for more than 60 years, growing through strong partnerships and technology investments in infrastructure segments such as Aviation, Energy and Transportation. For more information, visit the www.ge.comGE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With more than 90,000 global employees and 2010 revenues of $38 billion, GE Energy (www.ge.com/energy) is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy &#45; GE Power &amp; Water, GE Energy Services and GE Oil &amp; Gas &#45; work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. 
//]]></description> <pubDate>2011-08-04 04:06:59</pubDate> </item> <item> <title>Harnessing Turkey’s strong winds, GE and GAMA owned wind farm now powering the country, a first for their joint venture.</title> <link>http://www.gama.com.tr/pop/news?id=65</link> <guid>http://www.gama.com.tr/pop/news?id=65</guid> <description>//<![CDATA[
	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&#45;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&#45;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&#45;based GAMA Enerji A.S., the joint venture of GEEFS and GAMA Holding.“As a global investor, we are delighted to expand our renewable energy investing to Turkey, particularly using GE’s state&#45;of&#45;the&#45;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&#45;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&#45;megawatt series is an excellent match for a region with such extreme wind conditions.” The GE&#45;GAMA joint venture is also developing the 10&#45;megawatt Karadag wind farm, 350 kilometers south of Sares. Project construction, also using GE’s 2.5&#45;megawatt turbines, is expected to start in the third quarter&nbsp; of this year, with completion expected&nbsp; 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&#45;megawatt wind turbines are used at two of the world´s largest wind projects: CEZ Romania’s 600&#45;megawatt Fantanele wind farm, Europe’s largest onshore project; and the 845&#45;megawatt Shepherds Flats wind project, the world’s largest wind farm, under construction in the US state of Oregon that is co&#45;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&#45;megawatt wind turbine, the world’s most widely deployed wind turbine, with more than 16,000 now installed.****About GAMAGAMA was established in Turkey in 1959 and has become a leading international general contractor with operations in 20 countries extending from Ireland in the west to Russia’s Sakhalin Island in the east. GAMA Group Companies presently have contracts in 12 countries valued about USD $6.5 billion and a workforce of 14,000 employees.&nbsp; Besides serving as an EPC supplier of power plants and a general contractor of industrial facilities, GAMA’s core business includes energy investments, managed by its joint venture companyGAMA Enerji A.Ş. For further information, please visit www.GAMA.com.tr&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;About GAMA Enerji A.S. The experience of GAMA in the energy and water sectors resulted in the establishment of GAMA Enerji. GAMA has taken part in the construction and development of 14,500 megawatts of power generation capacity worldwide (which corresponds to approximately 30% of the installed generation capacity in Turkey). GAMA owns equity in projects with a total installed capacity of 1607 MW. GAMA was an active participant in Turkey&#39;s first major Build Operate Transfer projects as contractor and investor. GAMA Enerji has invested in water treatment and conveyance projects with a capacity of 140 MCM/year and intends to continue these investments with another substantial water project in Jordan. It has invested in power plants, including in Ireland. GAMA Enerji develops renewable hydroelectric and wind energy projects as well as larger thermal power plants. For more information, visit www.GAMA.com.tr/energy/About GEGE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. GE has been active in Turkey for more than 60 years, growing through strong partnerships and technology investments in infrastructure segments such as Aviation, Energy and Transportation. For more information, visit the company&#39;s website at www.ge.com. GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With more than 90,000 global employees and 2010 revenues of $38 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy &#45; GE Power &amp; Water, GE Energy Services and GE Oil &amp; Gas &#45; work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. GE Energy Financial Services’ experts invest globally across the capital spectrum in essential, long&#45;lived, and capital&#45;intensive energy assets that meet the world’s energy needs. In addition to capital, GE Energy Financial Services offers the best of GE’s technical know&#45;how, technology innovation, financial strength, and rigorous risk management. Based in Stamford, Connecticut, USA, the GE business unit helps its customers and GE grow through new investments, strong partnerships, and optimization of its US $21 billion in assets. For more information, visit http://www.geenergyfinancialservices.com. Editor’s Note: Shown here are the GE 2.5&#45;megawatt turbines at the Sares wind farm in Turkey. The wind farm – owned by a joint venture between GAMA Holding A.S. and GE Energy Financial Services – has begun selling its power to the electric grid.http://www.geenergyfinancialservices.com/images/Sares_Media.JPG*****ContactsGE Energy Financial ServicesAndy Katell, +1&#45;203&#45;961&#45;5773GAMA Reyhan SaygınGAMA&nbsp; HoldingCorporate Communications Director(312) 248 48 70reyhan.saygin@gama.com.trKarin Funke&#45;Rapp&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;Ken Darling or Howard MastoGE Renewables &amp; Offshore&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;Masto Public Relations+49 5971 980 1870&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;+1 518 786 6488karin.funkerapp@ge.com&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;kenneth.darling@ge.com&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; howard.masto@ge.com 
//]]></description> <pubDate>2011-06-30 09:29:20</pubDate> </item> <item> <title>Bulletin &#45; 2</title> <link>http://www.gama.com.tr/pop/news?id=67</link> <guid>http://www.gama.com.tr/pop/news?id=67</guid> <description>//<![CDATA[
	Harnessing Turkey’s Strong Winds, Ge&#45; And Gama&#45;Owned Wind Farm Now Powering The Country, A First For Their Joint Venture 
//]]></description> <pubDate>2011-06-30 09:01:34</pubDate> </item> <item> <title>ICCI 2011 &#45; 17th International Energy and Environment Fair and Conference</title> <link>http://www.gama.com.tr/pop/news?id=69</link> <guid>http://www.gama.com.tr/pop/news?id=69</guid> <description>//<![CDATA[

Having an important place in the world energy sector, 17th ICCI Fair and Conference took place in Istanbul Expo Center on June 15&#45;16&#45;17, 2011. As a follower of new practices and occupier of an important position in the sector, our companies of GAMA Power Systems and GAMA Industry participated in this notable activity, and shared their knowledge and experiences with the sector representatives.&nbsp; &nbsp;Gathering the sector representatives, this conference has become a significant platform in terms of providing the opportunity to share knowledge and experiences on the subjects within the framework of an overview of the energy sector in Turkey and the world, such as liberalization and restructuring practices in energy, supply and demand projections, EU energy policies as well as on the technical subjects, such as cogeneration, high efficiency energy generation technologies, operation and management of the power plants, renewable energy, waste treatment, recycling systems and environmental technologies. 
//]]></description> <pubDate>2011-07-06 09:57:38</pubDate> </item> <item> <title>Energy Industry Milestone: Metcap Energy, Integrated Renewable Source for Combined&#45;Cycle Power Plant Technology Selects GE&#39;s new FlexEfficiency.</title> <link>http://www.gama.com.tr/pop/news?id=63</link> <guid>http://www.gama.com.tr/pop/news?id=63</guid> <description>//<![CDATA[
	MetCap Energy Selects GE’s New FlexEfficiency Technology for World’s First Integrated Renewables Combined Cycle Power PlantThe engineering, procurement and construction (EPC) services will be provided by Gama Power Systems Engineering and Contracting, Inc.Landmark Project will Enable more Wind, Solar and Natural Gas for Turkish Power Grid GE Technology Enables Plant Efficiency Greater than 70 Percent through Unprecedented Integration with Wind and SolareSolar will Provide Integrated Solar Thermal Tower TechnologyMILAN, 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&#45;GEN Europe 2011. The project will produce the world’s first Integrated Renewables Combined Cycle&nbsp; (IRCC) Power Plant. &nbsp;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&#45;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&#45;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&#45;of&#45;the&#45;art alternatives and was selected because it is best aligned with our vision for the future. In addition to record&#45;setting fuel efficiency, this power plant will have zero liquid discharge, low emissions and a rapid&#45;response, 28&#45;minute start capability. It accomplishes this using an integrated controls system that provides single&#45;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&#45;of&#45;a&#45;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&#45;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.” &nbsp;On June 6, GE announced an investment and licensing agreement with eSolar, a provider of next&#45;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&#45;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&#45;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&#45;of&#45;its&#45;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. 
//]]></description> <pubDate>2011-06-13 11:50:46</pubDate> </item> <item> <title>Recent Developments in Libya</title> <link>http://www.gama.com.tr/pop/news?id=75</link> <guid>http://www.gama.com.tr/pop/news?id=75</guid> <description>//<![CDATA[
	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:Total of Turkish personnel evacuated: 722Total of citizens of other countries evacuated: 225 (the majority is Egyptian)Total of GAMA personnel evacuated: 947With 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). 
//]]></description> <pubDate>2011-11-28 04:50:31</pubDate> </item> <item> <title>GAMA Energy closed deal with AGE Energy</title> <link>http://www.gama.com.tr/pop/news?id=56</link> <guid>http://www.gama.com.tr/pop/news?id=56</guid> <description>//<![CDATA[
	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 WEPP is 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. &nbsp;Therefore, the number of private to private bilateral agreements as well as the wholesale contracts between suppliers are expected to increase.” &nbsp;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. 
//]]></description> <pubDate>2011-02-02 05:15:41</pubDate> </item> <item> <title>Gama Awarded Second At the International Construction Services</title> <link>http://www.gama.com.tr/pop/news?id=54</link> <guid>http://www.gama.com.tr/pop/news?id=54</guid> <description>//<![CDATA[

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, &nbsp;Zafer Çağlayan &nbsp;to the 33 Turkish Contractor who are listed at the &nbsp;“World’s Biggest 225 International Contractor” List.ENKA, GAMA and Rönesans ranked at the top levels in the list. The Engineering News’s Record listing is based on the previous year’s revenues gained from international operations. According to the 2010 figures, Turkey ranked second after China for the number of the companies.&nbsp; 
//]]></description> <pubDate>2011-01-05 03:12:28</pubDate> </item> <item> <title>Agreement for Hatay&#45;Erzin Natural Gas Combined Cycle Power Plant Project Has Been Signed</title> <link>http://www.gama.com.tr/pop/news?id=52</link> <guid>http://www.gama.com.tr/pop/news?id=52</guid> <description>//<![CDATA[
	HATAY, TURKEY – December 17, 2010 – Akenerji Elektrik Üretim A.S. has selected GE and Gama Power Systems consortium for a combined cycle power plant in Hatay&#45;Erzin, Turkey. This follows two large combined cycle power plants in Ireland and Russia that the consortium recently put into operation. The EPC bid of Gama Power Systems and GE consortium with fixed price and delivery time was selected for a 900 MW new capacity of Hatay&#45;Erzin natural gas combined cycle power plant.A contract was signed with Akenerji Elektrik Üretim A.S., one of the leading energy investors in Turkey, on December 15, 2010 for the turnkey project. The plant site is planned to start operation in 2014.To date the consortium has participated in the construction of power plants capable of generating approximately 2,000 MW of power and has experience in building power plants on the basis of EPC construction worldwide.&nbsp;The Hatay&#45;Erzin power plant will be capable of generating highly flexible and efficient electric power with the use of advanced technology. The plant will be equipped with an advanced combustion system to help maintain compliance with environmental emissions criteria as applicable to European standards.Under this arrangement, GE will be responsible for procurement of the equipment in the main power island and Gama Power Systems will be in charge of engineering, construction and installation of the power plant, as well as supplying the equipment outside of the main power island and other services. 
//]]></description> <pubDate>2010-12-20 03:15:59</pubDate> </item> <item> <title>Gama and General Electric Commenced 2 Power Plants In One Week</title> <link>http://www.gama.com.tr/pop/news?id=48</link> <guid>http://www.gama.com.tr/pop/news?id=48</guid> <description>//<![CDATA[
	Following Shatura Energy Power Plant being put into operation last week in Russia by Gama and General Electric, the same consortium commenced 2 large energy power plants in one week by completing Whitegate Energy Power Plant in Ireland.&nbsp;450 MW combined cycle energy power plant constructed by Gama and General Electric consortium was put into operation in the city of Whitegate in the south of the second largest city of the Republic of Ireland, Cork. Whitegate Energy Power Plant was turned over to the only natural gas distributor and supplier of Ireland (and the project authority) Bord Gais Eirann at the ceremony participated by Gama managers and Mr. Michael Martin, Foreign Minister of the Republic of Ireland.&nbsp;Contract price of Whitegate Power Plant, initiated with the contract undersigned in August 2007 and constructed on turn&#45;key basis, is about 300 million Euros and will also meet almost 10% of the energy requirement of the total installed power of Ireland.&nbsp;Whitegate Power Plant is the first natural gas operated power plant of Bord Gais, which is also active in the field of power generation and distribution. Whitegate Power Plant was entitled to occupational safety award by Irish authorities as it was constructed in line with the highest occupational safety standards within the framework of European Union norms. With the commencement of Whitegate Power Plant, the fifth power plant completed by Gama in Ireland, the power plants constructed by Gama will meet 30% of the energy requirement of Ireland.&nbsp;Speaking of commencement of completed Power Plant, Ergil Ersü, Chairman of the Executive Board of Gama Holding, stated that there had been many undertakings completed by Gama in Ireland, but Whitegate Power Plant is the largest project amongst them. Pointing to the fact that Gama has constructed projects of housing, highways, office buildings and power plants in Ireland, Ergil Ersü mentioned that the total installed power of Gama was increased to 1.500 MW in Ireland, which is a popular country due to recent economic crisis.&nbsp;While the consortium partner GE provided gas turbine, steam turbine and generator equipments of the main power block of the project, Gama Power Systems provided services of construction and assembly of the power plant, engineering and provision of all equipments except for those of the main power block. 
//]]></description> <pubDate>2010-12-09 08:41:46</pubDate> </item> <item> <title>400 Mw Power Plant Completed By Gama And General Electric In Russia Has Been Brought Into Use</title> <link>http://www.gama.com.tr/pop/news?id=50</link> <guid>http://www.gama.com.tr/pop/news?id=50</guid> <description>//<![CDATA[
	400MW combined cycle power plant, construction of which was initiated in Shatura in the eastern part of Moscow as a result of the agreement signed in July 2007 has been completed by Gama and General Electric consortium and put into operation. &nbsp;The facility, which has been constructed on basis of turn key agreement, has contract value of 300 Million EUROs. The facility is of vital importance as it will satisfy the energy need of Moscow region to an important degree; moreover, it is the first new capacity investment of E.ON group in Russia and the first EPC completed in Russia by a foreign group. &nbsp;GE, the consortium partner, supplied technical equipments such as gas turbine, steam turbine, heat recovery boiler and Gama Power Systems provided engineering of the power plant, supplied all of the equipments excluding main power supply, and completed construction of the whole facility, assembling works and other tasks before the due date.&nbsp;Gama Power Systems, which has taken part in construction works of 19,000MW power plant in total and has international experience in building power plants in EPC basis, is expected to complete 800 MW capacity power plant with approximate contract value of 600 Million EUROs in Surgut province of Russia in the Siberia Region in 2011. &nbsp;Chairman of the Executive Board of Gama Holding, Ergil Ersü stated that they are proud to see Shatura plant in operation and underlined that Gama plays an important role in heavy industry of Russia. Ergil Ersü also added that figured iron and construction iron production capacity will reach up to 944 thousand tons after steel rolling plant project with contract value of 429 Million Dollars initiated in 2009 in Vyksa, Russia and Electrosteel Melting and Casting Complex project with contract value of 277 Million Dollars in Kaluga are completed. 
//]]></description> <pubDate>2010-12-09 08:58:01</pubDate> </item> <item> <title>Gama is, again, among the Top International Contractors in 2010</title> <link>http://www.gama.com.tr/pop/news?id=46</link> <guid>http://www.gama.com.tr/pop/news?id=46</guid> <description>//<![CDATA[
	McGraw&#45;Hill/Engineering News Record (ENR) Magazine has announced the Top 225 Contractors of the World in 2010 and GAMA has been ranked as the 68th biggest International Contractor. The companies are ranked based on the construction revenues in the international market. Gama was the 66th biggest in 2009.&nbsp;In 2010, 33 Turkish Contractors in which GAMA is the second, took part within the top 225 companies, the second highest number after the Chinese companies.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. 
//]]></description> <pubDate>2010-09-01 09:54:01</pubDate> </item> <item> <title>GAMA Honorary Chairman Erol UCER Was Rewarded Metu Outsanding Service Award</title> <link>http://www.gama.com.tr/pop/news?id=44</link> <guid>http://www.gama.com.tr/pop/news?id=44</guid> <description>//<![CDATA[
	Gama Holding Honorary President Erol Üçer was deemed worthy of Outstanding Service Award at the ceremony organized for the 54th Foundation Anniversary of METU.&nbsp;Every year METU Senate rewards the people who have achieved national and international success in the fields of science, technology and arts and significantly contributed to the development and modernization of the society. As a visionary leader in the foundation and development of GAMA Holding, which plays a significant role in the development of national economy with the projects it has completed in the sectors of construction, undertaking and energy and with innovations it has brought, Erol Üçer was rewarded by &nbsp;METU Senate this year for that he sets examples in the business world and has a reliable and notable personality, that he makes efforts to protect Turkish artistic values and to enhance our artistic life as an art&#45;lover, that he gives a helping hand to vulnerable children and adolescents and he is a social leader continuously producing projects to improve opportunities of education for adolescents, that he supports METU and other educational institutions financially and morally, that he is a real philanthropist who generously shares his time and experience as well as his financial contribution and that he is role model with the awareness of social responsibility.Üçer received his award from Rector Ahmet Acar and stated that this was the biggest award he has received throughout his life. &nbsp;Üçer mentioned that METU graduates were given priority in the first years of GAMA among engineer candidates and said “We have seen in the past years that we made the right decision, because those colleagues later on became our partners, our managers.” &nbsp;Moreover, Üçer emphasized that this award further increased his determination and courage to address problems in the field of education. 
//]]></description> <pubDate>2010-09-01 09:11:22</pubDate> </item> <item> <title>GAMA, GE LAUNCH THEIR FIRST WIND PROJECTS IN TURKEY</title> <link>http://www.gama.com.tr/pop/news?id=38</link> <guid>http://www.gama.com.tr/pop/news?id=38</guid> <description>//<![CDATA[
	Ankara, Turkey &nbsp;– April 29, 2010 – GAMA Energy A.S., a joint venture between GAMA Holding A.S. and GE (NYSE:GE) unit GE Energy Financial Services, today announced their first wind energy projects in Turkey, the 22.5&#45;megawatt Sares and 10&#45;megawatt Karadag wind farms in the country’s western region. The projects, costing a total €54 million, feature GE’s 2.5&#45;megawatt wind turbines.&nbsp;GAMA Energy, based in Ankara, is developing and investing in the projects while TSKB, the Industrial Development Bank of Turkey, is arranging and leading €44 million in debt financing. Additional details of the financial transactions were not disclosed. GE Energy is supplying 13 turbines and will operate and maintain them under a services agreement.&nbsp;The projects’ power will be sold to the merchant market or will benefit from the Turkish regulated feed&#45;in tariff. Construction of the Sares wind farm begins next week and is expected to be completed by the end of this year. Construction of the Karadag project is planned to begin later this year, with completion during the first quarter of 2011.According to GAMA Energy’s estimates, the wind farms are expected to generate enough electricity to power approximately 59,000 average Turkish homes and avoid approximately 80,000 tons a year in greenhouse gas emissions.GAMA Energy Managing Director and Board Member M. Arif Ozozan said: “Such wind projects as the ones we are launching today not only support a cleaner environment but create employment opportunities, support our company’s growth objectives and help Turkey achieve its renewable energy goals.”&nbsp;“These projects represent the growth of our productive partnership with GE as well as our commitment to investing in Turkey’s growing energy sector,” said Hakan Ozman of GAMA Holding A.S.&nbsp;“This investment demonstrates Gama Energy’s ability to develop and execute high&#45;quality energy projects,” said Andrew Marsden, managing director of Europe at GE Energy Financial Services. “In addition, this investment is in line with GE’s ecomagination program to help customers meet their environmental challenges, and it contributes to our global growth.”&nbsp;Turkey’s Ministry of Energy and Natural Resources aims to generate 20 percent of its electricity production from renewable resources by 2020. &nbsp;In wind energy, the country has developed just 600 megawatts of an estimated potential 88 gigawatts. “GE Energy Financial Services sees Turkey as an exciting renewable energy market with great prospects if government regulations and tariffs are set appropriately,” Marsden said.****About GAMA Energy A.S.&nbsp;GAMA Group&#39;s extensive experience in all aspects of the energy sector resulted in the establishment of GAMA Energy to pursue the energy and water investments of the GAMA Group. GAMA Group has taken part in the construction and development of 19,360MW of power generation capacity worldwide (which corresponds to approximately 45% of the installed generation capacity in Turkey). GAMA owns equity in projects with a total installed capacity of 2,250 MW. GAMA has been an active participant in Turkey&#39;s first major Build Operate Transfer projects as contractor and investor. GAMA Energy has made investments in water supply projects with a capacity of 140 MCM/year and serves as the largest stakeholder of Theolia &#45;&#45; a listed wind generation company based in France. It has made investments in four power plants, one of which is located in Ireland, GAMA Energy continues its development of renewable hydroelectric and wind energy projects as well as larger thermal power plants and one water project in Jordan. For more information, visit http://www.gama.com.tr/energy/About GAMAGAMA was established in Turkey in 1959 and has become a leading international general contractor with operations in 17 countries extending from Ireland in the west to Russia’s Sakhalin Island in the east. GAMA Group Companies presently have contracts in 10 countries valued about USD $4.4 Billion and a work force of 20,000 employees. &nbsp;Besides EPC supplier of power plants and general contractor of industrial facilities, GAMA’s other core business is energy investments which is handled by its subsidiary GAMA Energy A.Ş. For further information, please visit www.GAMA.com.tr &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;About GE Energy Financial Services&nbsp;GE Energy Financial Services’ experts invest globally across the capital spectrum in essential, long&#45;lived and capital&#45;intensive energy assets that meet the world’s energy needs. In addition to capital, GE Energy Financial Services offers the best of GE’s technical know&#45;how, technology innovation, financial strength and rigorous risk management. Based in Stamford, Connecticut, the GE business unit helps its customers and GE grow through new investments, strong partnerships and optimization of its $23 billion in assets. In renewable energy, GE Energy Financial Services is growing its portfolio of more than US$4 billion in assets in wind, solar, biomass, hydroelectric and geothermal power. For more information, visit www.geenergyfinancialservices.com.About GEGE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, healthcare solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company&#39;s Web site at www.ge.com.Editor’s Note: Photos and video of a GE 2.5&#45;megawatt turbine like those that will be installed at two wind farms Gama Energy, a joint venture with GE Energy Financial Services, is developing in western Turkey are available at &nbsp;http://www.geenergyfinancialservices.com/digitalRoom.asp*****ContactsM. Arif OzozanGAMA Energy A.S.+ 90 312 409 4642Eszter SzaboGE Turkey+361 237&#45;6811Andy KatellGE Energy Financial Services+1 203 961 5773 
//]]></description> <pubDate>2010-04-30 05:21:16</pubDate> </item> <item> <title>Contract for Riga 420 MW Cogeneration Power Plant Project – Second Unit signed in Latvia</title> <link>http://www.gama.com.tr/pop/news?id=36</link> <guid>http://www.gama.com.tr/pop/news?id=36</guid> <description>//<![CDATA[
 &nbsp;Contract for Riga 420 MW Cogeneration Power Plant – Second Unit Project has been signed on March 3rd, 2010 with the owner Latvenergo power generation company, one of the largest companies in Latvia and the work has been officially commenced. The power plant will have a generating capacity of 410 MW electrical and 270 MW thermal output after its completion. &nbsp;The project is planned to be completed in 39 months. &nbsp;&nbsp;Gas turbine will be supplied from General Electric and Steam Turbine will be supplied from Siemens. On December 2nd, 2008 European Investment Bank and on January 12th, 2010 European Bank of Reconstruction and Development have partially been declared their packages for the financing of the Project.. When the project is completed, it will generate 15% of the installed power capacity of Riga. 
//]]></description> <pubDate>2010-03-24 05:16:13</pubDate> </item> <item> <title>Gama Energy A.S.’s Lamas III and IV Hydroelectric Power Plant opened with ceremony of the 55th Anniversary of DSİ.</title> <link>http://www.gama.com.tr/pop/news?id=32</link> <guid>http://www.gama.com.tr/pop/news?id=32</guid> <description>//<![CDATA[
 &nbsp;The inaugural of Lamas III and IV Hydroelectric Power Plant, has been celebrated as a part of the ceremony organized for the 55th Anniversary of General Directorate of State Hydraulic Works (DSİ). The run of river type power plant, which is an asset of Gama Energy A.S., is located in Mersin province. The Vice&#45;Chairmen of Justice and Development Party, Kürşad Tüzmen; Mersin’s Member of Parliament, Ali Er; Governor of Mersin, Hüseyin Aksoy; DSİ The Regional Directorate, Numan Doğan Gündüz and District Governor of Erdemli, İbrahim Özefe were among the participants of the ceremony held in Mersin. Governor Mr. Aksoy explained the general characteristics of the plant in a brief speech broadcasted simultaneously in İstanbul phase of the Ceremony as well. Expressing his gratitude, Mr. Aksoy also stated that Mersin’s &nbsp;capacity of energy generation is leveled up to %37, including the Lamas III and IV HEPP with 37.3 MW installed capacity. In addition, it is also emphasized that the power plant, whose construction has started in 2007 and completed in two years, is managed to start the commercial operation one and a half year earlier than the foreseen date. &nbsp;The power plant, with 4 turbine units in total, has a planned annual production of 150 Million KWh. 
//]]></description> <pubDate>2010-01-12 05:11:32</pubDate> </item> <item> <title>GAMA is in the List of Top 100 European Contruction Companies</title> <link>http://www.gama.com.tr/pop/news?id=30</link> <guid>http://www.gama.com.tr/pop/news?id=30</guid> <description>//<![CDATA[
	&nbsp;Deloitte LLP, an auditing, consulting and enterprice financement company based in the United Kingdom, published the ”European Powers of Construction 2009” report &nbsp;identifying the 100 largest European construction companies. GAMA is one of the two Turkish companies succeeded to take part in the list.&nbsp;According to the report of Deloitte, Gama Holding A.S had construction revenue of € 735 million in 2008 and ranked as the 85th largest European Contractor.&nbsp;&nbsp;Another research has been announced by Engineering News Record Magazine of USA in the December 28, 2009 issue,”ENR&#45;Global Sourcebook 2009”. The construction companies are ranked by their annual construction revenue in each sector they were present worldwide, and GAMA has been ranked as the&nbsp;5th Largest International Contractor in Industrial Process – Steel and Nonferrous Metals;11th Largest International Contractor in Power – Fossil Fuel Plants. 
//]]></description> <pubDate>2010-01-06 05:05:58</pubDate> </item> <item> <title>President Abdullah Gül Attended The Opening Ceremony Of The Construction Works Of DISI Project</title> <link>http://www.gama.com.tr/pop/news?id=28</link> <guid>http://www.gama.com.tr/pop/news?id=28</guid> <description>//<![CDATA[
 &nbsp;Ribbon cutting during the ceremony, President Abdullah Gül and Jordan Prime Minister Nadir Dahari gave a start for the construction of the project which will extract the water located 600 meters &nbsp;down &nbsp;in the district of Disi Mudawara, south of Jordan and transmit this water to Amman 325 km away.&nbsp;During his speech at the ceremony, President Gül, focusing particularly on the importance of Disi project drew the guests’ attention to the fact that such huge projects can be developed even at times of &nbsp;crisis. Mr. Ebu Suud, Minister of &nbsp;Water and Irrigation of Jordan, thanked to the participants of the project as Jordan tries to secure it’s water resources and &nbsp;it is, to a large extend, with this project that the water security of Jordan will be ensured and that the project also lays the ground for future cooperation between Turkey and Jordan.&nbsp;Gama Energy won the tender based on Build Operate &amp; Transfer, launched in the mids of 2006 by the Government &nbsp;of Jordan in order to meet the water demand of Amman, the Capital. The project includes the transfer &nbsp;to Amman of 100 million cubic meter water per year which will be extracted from an underground water reservoir in Disi district, south of Jordan during a period of 25 years and the delivery of this water to be stored in Amman. The total investment cost of the project is around US$ 1 billion and the project facilities will be handed over to the Ministry of Water and Irrigation in the end of 25 year concession period. 
//]]></description> <pubDate>2009-12-25 12:56:11</pubDate> </item> <item> <title>GATE has been awarded the EPC contract for the Kazakhstan Kashagan Power Plant New Units</title> <link>http://www.gama.com.tr/pop/news?id=26</link> <guid>http://www.gama.com.tr/pop/news?id=26</guid> <description>//<![CDATA[
	&nbsp;The contract for the construction of the units of Kazakhstan Kashagan Natural Gas Power Plant to be built for the Tranche&#45;3 Project has been awarded to GATE (a subsidiary of GAMA with 50% share) by AGIP KCO on 18th of September 2009.&nbsp;The project is undertaken on EPC basis with a total amount of 172 million USD and will be completed in 31 months. The scope of works to be performed by GATE include engineering, procurement and construction of Gas Turbine and Diesel Generator Building, installation of 2 each 42 MW gas turbine generators and 3 each 6 MVA diesel generators supplied by AGIP KCO, extension of 110 KV switchyard, supply of 2 each 11/110kV 65 MVA and 2 each 20 MVA transformers, engineering, procurement and installation of HVAC, piping, electric power systems. 
//]]></description> <pubDate>2009-10-08 09:08:21</pubDate> </item> <item> <title>GAMA is again among the Top International Contractors</title> <link>http://www.gama.com.tr/pop/news?id=24</link> <guid>http://www.gama.com.tr/pop/news?id=24</guid> <description>//<![CDATA[
	&nbsp;McGraw&#45;Hill/Engineering News Record (ENR) Magazine has announced the Top 225 Contractors of the World in 2009 and GAMA has been ranked as the 66th biggest International Contractor. The companies are ranked based on the construction revenues in the international market. Gama was the 60th biggest in 2008.&nbsp;&nbsp;In 2009, 31 Turkish Contractors in which GAMA is the second, took part within the top 225 companies, the second highest number after the Chinese companies.&nbsp;GAMA has also been ranked as the 145th biggest contractor (just the same as it was in 2008) in the Global Contractors list as per the revenues of the companies both at home and international market.&nbsp;&nbsp;The sectoral evaluation of the companies in 2009 will be issued in the Global Sourcebook of ENR in December 2009. In the sectoral rankings GAMA appears as the leading industrial plant contractor in Turkey and takes part in the global short lists &#45;the first 10&#45;15 contractors&#45; especially in the power and industrial plant construction.&nbsp; 
//]]></description> <pubDate>2009-10-07 06:05:58</pubDate> </item> <item> <title>Kazakhstan Kashagan Oil Project Agreement Was Signed Tranche&#45;3</title> <link>http://www.gama.com.tr/pop/news?id=22</link> <guid>http://www.gama.com.tr/pop/news?id=22</guid> <description>//<![CDATA[
	Kazakhstan Main Works Project &#45; Oil Tranche&#45;3 Extension The construction of the Oil Tranche&#45;3 package of the Kashagan Petroleum Field Development Project in Kazakhstan has been ordered to the North Caspain Constructors (NCC) BV, in which Gama holds 50% of the shares, as an additional work to the ongoing Oil Tranche 1&amp;2 Packages. The Addendum to the contract for the additional works was signed between NCC and AGIP KCO on 18.08.2009. According to the present bill of quantities, the total amount of the new package for Oil Tranche&#45;3 adds up to 182 million USD. The construction will be executed by GATE, a subsidiary of Gama with 50 % share, and scheduled for completion by 30th of June, 2011. 
//]]></description> <pubDate>2009-08-26 06:00:02</pubDate> </item> <item> <title>GAMA, GE To Bring Water to Northern Jordan Through Investment In US$1 Billion Pipeline</title> <link>http://www.gama.com.tr/pop/news?id=20</link> <guid>http://www.gama.com.tr/pop/news?id=20</guid> <description>//<![CDATA[
	Ankara, Turkey and Amman, Jordan – July 8, 2009 – A milestone in a strategically important new water supply that will help alleviate a severe water shortage in Jordan’s capital and surrounding area has been reached with funding of construction of a pipeline project by GAMA Energy A.S., a joint venture between GAMA Holding A.S. and GE (NYSE:GE) unit GE Energy Financial Services. The US$1 billion Disi Water Conveyance Project includes construction of a 325&#45;kilometer pipeline that will pump water from the Disi aquifer in Mudawarra to Jordan’s most populous city, the capital of Amman. The investment will create jobs and promote private sector participation in Jordan’s development.The Government of Jordan conceived the Disi Water Conveyance Project as part of its strategic plan to increase water supplies to the country’s growing population. &nbsp;Jordan is one of the world’s most water&#45;scarce countries, and the Disi project is a key solution. It is expected to supply Amman and surrounding areas with more than 100 million cubic meters of water a year. The use of water from the reservoir in Disi&#45;Mudawarra started in the early 1980s for municipal and industrial purposes in the city of Aqaba. &nbsp;The Disi project is the largest privately financed water supply project in Jordan and the surrounding countries. &nbsp;GAMA Energy, based in Ankara, will invest approximately US$190 million, the Ministry of Water and Irrigation of Jordan will provide a US$300 million grant, and the Overseas Private Investment Corporation of the United States, the European Investment Bank and Proparco of France will collectively provide US$455 million in debt financing. The Jordanian ministry signed loan agreements with the EIB and the French Development Agency (AFD) on May 17.In 2007, the Government of Jordan awarded GAMA a concession to build and operate the water pipeline. GAMA Energy will own the project for a 25&#45;year concession period, after which it transfers to the Government of Jordan. The first in a series of fundings was made today, with construction expected to begin this month. The project’s construction, by an affiliate of GAMA Holding, is expected to take four years and use an estimated 250,000 tons of steel and involve the digging of 55 wells. The project will extract water from the Disi well fields in the 320&#45;kilometer&#45;long Disi sandstone aquifer in Jordan and deliver it to the Abu Alanda Reservoir and the Dabuk Reservoir. Disi Amman Operation Maintenance LLC, fully owned by Suez Environnement, will provide long&#45;term operations and maintenance services.Commenting on the Disi project, Prime Minister Dahabi of Jordan said: “This strategic project represents a milestone towards ensuring water security and addressing the country’s water shortage.”GAMA Energy Managing Director and Board Member M. Arif Ozozan said: “GAMA Energy is honored to help Jordan solve its water problem, improve the quality of life and accelerate the Jordanian economy through job creation and infrastructure improvement. We also take pride in the vote of confidence we won from the financial community by closing a $1 billion project amidst the worldwide economic downturn.”&nbsp;Andrew Marsden, Managing Director of Europe at GE Energy Financial Services, said: “In keeping with GE’s commitment to expand its activities in the Middle East, this important project will help alleviate the critical water needs of the Kingdom of Jordan.”&nbsp;“This transaction will provide GAMA with a solid infrastructure development foothold in the region while enhancing the value of the GAMA Energy growth platform,” said Hakan Ozman of GAMA Holding A.S. &nbsp;OPIC Acting President Dr. Lawrence Spinelli said, “Improving the provision of water, particularly in a water&#45;scarce country such as Jordan, is the most important developmental challenge any nation faces. OPIC is extremely pleased to be part of the historic Disi aquifer project, which will help to alleviate a severe water shortage in Jordan, and to do so in partnership with GE Energy Financial Services and the other project sponsors.”Jordan’s water resources per capita are among the world’s lowest. Water is delivered only once a week to Amman’s residents. Jordan&#39;s annual water consumption is 900 million cubic meters, and it will need 1.6 billion cubic meters per year to meet its requirements by 2015. The Disi Water Conveyance Project will account for approximately 6 percent of Jordan’s total consumption projected in 2015.GE&#39;s investment in the Jordanian water project is the latest in a series of initiatives the company has undertaken in just the past month in the region. &nbsp;On June 23, GE announced the opening of a nearly $10 million GE Saudi Water &amp; Process Technology Center in Damman, Saudi Arabia, the second GE Water facility in the Gulf. &nbsp;On June 11, GE Energy announced it had signed contracts totaling more than US$500 million to supply advanced power generation equipment and long&#45;term services for the Al Dur Independent Water and Power Project, the largest power plant in the Kingdom of Bahrain. &nbsp;GE and Mubadala Development Company announced May 31 the signing of a US$8 billion commercial finance joint venture agreement and establishment of a regional training center for next&#45;generation business leaders.
About GAMA Energy A.S.&nbsp;GAMA Group&#39;s extensive experience in all aspects of the energy sector resulted in the establishment of GAMA Energy to pursue the energy and water investments of the GAMA Group. GAMA Group has taken part in the construction and development of 14,500 MW of power generation capacity worldwide (which corresponds to approximately 40% of the installed generation capacity in Turkey). GAMA owns equity in projects with a total installed capacity of 2,250 MW. GAMA has been an active participant in Turkey&#39;s first major Build Operate Transfer projects as contractor and investor. GAMA Energy has made investments in water supply projects with a capacity of 140 MCM/year and serves as the largest stakeholder of Theolia &#45;&#45; a listed wind generation company based in France. It has made investments in four power plants, one of which is located in Ireland, GAMA Energy continues its development of renewable hydroelectric and wind energy projects as well as larger thermal power plants and one water project in Jordan. For more information, visit www.GAMA.com.tr/energy/About GAMAGAMA was established in Turkey in 1959 and has become a leading international general contractor with operations in 17 countries extending from Ireland in the west to Russia’s Sakhalin Island in the east. GAMA Group Companies presently have contracts in 10 countries valued about USD $4.4 Billion and a work force of 20,000 employees. &nbsp;Besides EPC supplier of power plants and general contractor of industrial facilities, GAMA’s other core business is energy investments which is handled by its subsidiary GAMA Energy A.Ş. For further information, please visit www.GAMA.com.tr &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;About GE Energy Financial ServicesGE Energy Financial Services’ experts invest globally with a long&#45;term view, backed bythe best of GE’s technical know&#45;how, financial strength and rigorous risk management, across the capital spectrum, in one of the world’s most capital intensive industries, energy. GE Energy Financial Services helps its customers and GE grow through new investments, strong partnerships and optimization of its more than US$22 billion in assets. GE Energy Financial Services is based in Stamford, Connecticut, USA. For more information, visit www.geenergyfinancialservices.com.&nbsp;About GEGE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company&#39;s GE is Imagination at Work. Web site at http://www.ge.com.&nbsp;Editor’s Note: Caption for accompanying photo: Pipes shown in this photo will be used to construct the US$1 billion, 325&#45;kilometer Disi Water Conveyance Project that will pump more than 100 million cubic meters of water a year to Jordan’s most populous city, the capital of Amman.GAMA Energy, a joint venture of GE Energy Financial Services and GAMA Holding, is investing in this project. &nbsp;
ContactsM. Arif OzozanGAMA Energy A.S.+ 90 312 409 4642Eszter SzaboGE Turkey+361 237&#45;6811Rania RostomGE Middle East+971 4 429 6311Meghan PiantaGE Energy Financial Services+1 203 961 2582 
//]]></description> <pubDate>2009-07-29 12:13:22</pubDate> </item> <item> <title>GAMA arranged 50th Year Concert</title> <link>http://www.gama.com.tr/pop/news?id=16</link> <guid>http://www.gama.com.tr/pop/news?id=16</guid> <description>//<![CDATA[

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. 
//]]></description> <pubDate>2009-05-12 02:15:13</pubDate> </item> <item> <title>GAMA Holding hosted foreign press members at gala dinner for the press in 5th World Water Forum</title> <link>http://www.gama.com.tr/pop/news?id=14</link> <guid>http://www.gama.com.tr/pop/news?id=14</guid> <description>//<![CDATA[
 &nbsp;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. &nbsp;Gala Dinner for the press was given within 5th World Water Forum activities under sponsorship of GAMA Holding between 20:00&#45;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 Energy Arif Özozan representing Gama Holding and top level managers of Gama Energy attended to the dinner.&nbsp;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 Energy 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.” 
//]]></description> <pubDate>2009-05-15 03:57:05</pubDate> </item> <item> <title>GAMA has been ranked as the world&#39;s 13th biggest International Contractor in industrial process</title> <link>http://www.gama.com.tr/pop/news?id=2</link> <guid>http://www.gama.com.tr/pop/news?id=2</guid> <description>//<![CDATA[
	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&nbsp; biggest contractor in chemical plant, 16th biggest contractor in power plant and 13th biggest in industrial process construction. 
//]]></description> <pubDate>2009-06-15 11:27:06</pubDate> </item> <item> <title>Gama Trade, Turkey&#39;s first Mobile Surgical Hospital Project won the tender.</title> <link>http://www.gama.com.tr/pop/news?id=18</link> <guid>http://www.gama.com.tr/pop/news?id=18</guid> <description>//<![CDATA[
	T.R. Ministry of Defence &#45; Defense Industry Secretariat &#45; Surgical Field Hospital and Mobile First Aid Station: Our company has been awarded to realize first Mobile Hospital of Turkey from Ministry of Defence &#45; 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.Project consist of two facilities “Surgical Field Hospital&quot; and &quot;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&nbsp; 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.&nbsp; 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. 
//]]></description> <pubDate>2009-05-11 01:27:49</pubDate> </item> <item> <title>GAMA has moved up to 60th place in ENR’s 2008 listing</title> <link>http://www.gama.com.tr/pop/news?id=4</link> <guid>http://www.gama.com.tr/pop/news?id=4</guid> <description>//<![CDATA[
	According to Engineering News Record Magazine’s ranking in 2008, Gama has moved up from 64th place to 60th place in the “Top 225 International Contractors” list, while being ranked as the 145th biggest contractor in the “Top Global Contractors” list. 
//]]></description> <pubDate>2009-06-15 11:03:51</pubDate> </item> <item> <title>DISI&#45;MUDAWARRA&#45;AMMAN Project</title> <link>http://www.gama.com.tr/pop/news?id=8</link> <guid>http://www.gama.com.tr/pop/news?id=8</guid> <description>//<![CDATA[
	The Hashemite Kingdom of Jordan has for the purposes of meeting the demand for water in the Amman region, announced in 2006 a tender for a BOO project.The Project consists of extracting water from the underground reserves located in DISI, south of Jordan and to supply it through a 320 km long steel pipeline to Amman and storage facilities to be constructed in Amman, for a period of 25 years with a yearly capacity of 100 million cubic meters.Following a total investment of $1 billion and an operation and maintenance of the facilities for 25 years, the project shall be transferred to the Kingdom of Jordan.His Excellency Marouf Bakhit, Prime Minister of Jordan, announced to the news agencies that the Turkish company GAMA Energy A.Ş. had, through the competitive bidding process, won the tender against the Kuwaiti and Spanish&#45;Italian consortium.As a subsidiary of GAMA Holding A.Ş., GAMA Energy A.Ş. undertakes on behalf of GAMA all investments, contracting and management in water infrastructure and energy generation, transmission, distribution and wholesale activities within the GAMA Group.The GAMA Group has previously carried out other projects in Jordan. In 1982&#45;1983 GAMA undertook Ain Ghazal Sewage Treatment Project, between 1983 and 1986; the Khirbet Al Waste Water Stabilization Tanks Project in Samra, and the engineering, procurement and construction of the 300 MW Combined Cycle Samra power plant Project, which were successfully completed.&nbsp; 
//]]></description> <pubDate>2009-02-02 09:49:19</pubDate> </item> </channel></rss> 
