EnBW and Borusan plan strategic partnership in Turkey

Karlsruhe. EnBW Energie Baden-Württemberg AG and the Turkish industrial concern Borusan Holding plan to cooperate in the development and construction of power station capacities in Turkey. Both companies have signed a memorandum of understanding and wish to establish a joint venture by the end of April 2009.

The aim of the strategic partnership is to establish generating capacities of around 2000 MW over the next twelve years, mainly in the area of renewable energies. Borusan Energy already owns a project portfolio in the area of renewable energies which is to be incorporated into the partnership.

With around six million customers, Karlsruhe-based EnBW is Germany’s third-largest energy supplier. EnBW's turnover in 2008 was over €16 billion with a workforce of over 20,000. Its core business areas are electricity and gas together with energy and environmental services. EnBW has a balanced generation portfolio and the use of hydropower has a long tradition at the company.

Borusan Group is one the largest and oldest conglomerates in Turkeyoperating in steel, distributorship, logistics, telecommunications and energy industries. It has business partnerships and associations with Arcelor Mittal, Mannesmannröhren-Werke, Manheim USA; Caterpillar, BMW AG and Land Rover and generated a turnover of USD 3,4 billion in 2008.