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BASEAK Advises Statkraft Enerji Anonim Sirketi on Preparation to Sell Cetin Hydroelectric Power Plant

BASEAK Advises Statkraft Enerji Anonim Sirketi on Preparation to Sell Cetin Hydroelectric Power Plant


Balcioglu Selcuk Akman Keki Attorney Partnership has advised Statkraft Enerji Anonim Sirketi on its preparation to sell the Cetin Hydroelectric Power Plant Project to potential buyers. 

BASEAK described Statkraft as "a leading company in hydropower internationally and Europe’s largest generator of renewable energy," and reports that "the group produces hydropower, wind power, gas-fired power, and district heating and is a global player in energy market operations." The company has 3800 employees in over 20 countries.

The Cetin Hydroelectric power plant is located in Siirt, Turkey, and, when operational, it will have a total capacity of 517 MW. According to BASEAK, "it is the biggest hydro power plant project being sold this year."

The firm's advice included: (1) conducting pre-due diligence work and vendor due diligence and preparing the due diligence report; (2) assisting with the preparation of responses to the queries of a potential buyer at the due diligence stage; (3) drafting, revising and negotiating the Share Purchase Agreement; and (4) assisting the client in closing formalities, including necessary filings, related to the Cetin Hydroelectric Power Plant Project.

The BASEAK team consisted of Partner Selim Keki, Counsel Ceren Su, and Associates Hande Yilmaz and Emre Ozkan.

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