The Star Refinery Power Plant is 390MW gas fired power project. It is planned in Izmir, Turkey. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 390 – 390 Permitting Izmir, Turkey Petkim Petrokimya Holding; SOCAR Turkey Enerji

Description

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The project is being developed by Petkim Petrokimya Holding and SOCAR Turkey Enerji. The project is currently owned by SOCAR Turkey Enerji.

It is a thermal power plant.

The project cost is expected to be around $350.591m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.

About Petkim Petrokimya Holding

Petkim Petrokimya Holding AS (Petkim Petrokimya), a subsidiary of State Oil Company of the Azerbaijan Republic, is a chemical company. Its products portfolio includes propylene, acrylonitrile, ethylene, polyvinyl chloride, aromatics, polypropylene, sodium hydroxide, diethylene glycol, polymer gradepropylene, chemical gradepropylene, pure terephthalic acid, toluene, polyethylene, and paraxylene. Petkim Petrokimya serves construction, electricity, electronic, packaging, textile, medical, dying, detergent and cosmetic sectors. The company operates through its manufacturing plants and auxiliary units located across Turkey. Petkim Petrokimya is headquartered in Izmir, Turkey

About SOCAR Turkey Enerji

SOCAR Turkey Enerji AS (SOCAR), a subsidiary of State Oil Company of the Azerbaijan Republic, is an oil and gas exploration company. The company explores oil and gas fields; and produces, processes and transports oil, gas and natural gas. SOCAR develops Trans-Anatolian Natural Gas Pipeline (TANAP) Project that carries natural gas to Europe and Turkey from the Caspian Sea region resources. It caters to automotive, agriculture, packaging, textile, paints, and construction industries. The company has storage facilities in Kocaeli, Gebze and Hatay Dortyol. SOCAR is headquartered in Sariyer, Istanbul, Turkey.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.