Hitay signs letter of intent for billion dollar energy project in Indonesia

Dunya Executive - - OVERVIEW -

Nowadays, Turkey s busy w th the TRY 135 b ll on super ncent ve package a med at boost ng the Turk sh economy. On the other hand, accord ng to DUNYA column st Ker m Ulker, Turk sh compan es are seek ng to nvest b ll ons of dollars n projects around the world,. One of the more prom nent nvestments, he wr tes, s H tay Investment Hold ng’s letter of ntent to nvest one b ll on dollars n an energy project n Indones a, the 220MW Gunong Guerudong geothermal project n partnersh p w th the Indones an government n the country’s Aceh State.

The jeotermal plant

The project was or g nally planned as a 160MW capac ty plant but w ll be ncreased to 220MW, Aceh Governor Irwand Yusuf sa dna meet ng w th Mehmet Em n H tay, the cha rman of H tay Investment Hold ng. There are also nvestment opportun t es n f sher es, agr culture and tour sm, Yusuf added.

H tay has once acted as the honorary consul for Indones a n Turkey. HsH tay Investment Hold ng ncludes Teknoser, a system ntegrat on and f eld serv ces company, DOR ns ght, an onl ne research company; Napolyon, an onl ne research and database company, 2Nokta, offer ng stock, campa gn and payment systems solut ons focus ng on product v ty growth spec f c to the reta l market n Turkey, Ex m, a secur ty technolog es solut ons company and B lyoner.com, Turkey’s f rst legal onl ne sports bett ng platform.

H tay has also sold off two of h s compan es. He ex ted Planet by sell ng for a cons derat on of 26 m ll on euros to Ingen co n 2007 and sold h s 20 percent stake n Idd a Sports Gam ng Platform to Intralot of Greece for a cons derat on of $80 m ll on n 2006.

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