SOCAR to acquire the 870 MW İç Anadolu Natural Gas Combined Power Plant from Gama Enerji for $225m.

Synopsis

The State Oil Company of the Azerbaijani Republic, a national oil and gas company, agreed to acquire the 870 MW İç Anadolu Natural Gas Combined Power Plant from Gama Enerji, a provider of clean energy electric power services, for $225m.

Principals

target

870 Mw İç Anadolu Natural Gas Combined Power Plant

bidder

State Oil Company Of The Republic Of Azerbaijan (socar)

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Market Context