Thursday, August 28, 2008

OMV To Buy 60% In Turkish Power Co, Builds 890MW Power Plant

"OMV To Buy 60% In Turkish Power Co, Builds 890MW Power Plant
Dow Jones
August 28, 2008: 04:17 AM EST

VIENNA -(Dow Jones)- Austrian oil and gas company OMV AG (OMV.VI) Thursday said it has taken steps to enter the Turkish electricity market with the acquisition of a 60% stake in electricity provider and producer Borasco Elektrik Ueretim Sanayi ve Ticaret A.S. and the construction of a EUR500 million gas- fired power plant."

More:OMV To Buy 60% In Turkish Power Co, Builds 890MW Power Plant