Madagascar HFO Power Plant, whose construction started in the fourth quarter of 2016, was commissioned with an optimum capital expenditure and in a very short time, due to the use of equipment from heavy fuel oil power plants in the Company’s portfolio. The power plant became operational in 7 months.
Madagascar HFO Power Plant consists of a total of 11 Wärtsilä engines relocated from the Hakkari, Siirt Akköy and İdil-2 power plants, whose licenses had been cancelled.
The power plant’s first engines, with an installed capacity of 25 MW, were commissioned on July 10, 2017. The installed capacity of the facility was increased to 36 MW on July 27, 2017. Madagascar HFO Power Plant’s first phase, with a 66 MW installed capacity, was completed in September 2017. The power plant conducts electricity sales at a tariff determined in US dollars over the capacity corresponding to 60 MW installed capacity within the scope of a 20-year guaranteed purchase.