Turkey

Westinghouse Electric, China's State Nuclear Power Technology Corporation (SNPTC) and Electricity Generation Company (EÜAŞ) entered into exclusive negotiation to develop and construct a four-unit nuclear power plant site in the Republic of Turkey based on AP1000 reactor technology. The project also covers all life cycle activities including operations, nuclear fuel, maintenance, engineering, plant services and decommissioning.

The AES Corporation entered into an agreement to sell its 49.62% equity interest in AES Entek Elektrik Üretimi A.Ş. (AES Entek), a joint venture with KOÇ HOLDİNG A.Ş. and AYGAZ A.Ş., in Turkey, to its partners. The sale represents 100% of AES' interest in assets in Turkey, consisting of 364 MW of operating natural gas and hydroelectric facilities and its interest in a coal-fired development project, for $125 million in equity proceeds to AES. Subject to customary regulatory approvals, this transaction is expected to close by the first quarter of 2015.

Siemens received an order for the turnkey construction of the Bandirma II combined-cycle (gas and steam) power plant (CCPP) in Turkey. The purchaser is Enerjisa, a joint venture of Sabanci Holding and E.ON. Upon completion in the spring of 2016, this plant will have an installed capacity of around 600 MW and an efficiency of over 60 percent.