Oesterreichische Kontrollbank ● Finance ● Austria 

In the late 1970s, the Turkish Government launched the Southeastern Anatolian Project (GAP project), with the declared aim to produce cheap energy and to encourage land redistribution by increasing the amount of irrigable land. However, very high costs, project delays, negative environmental impacts of dams, and the failed construction of many of the irrigation works, turned GAP into a really difficult problem to solve over the years. The Ilisu Dam Project is the third biggest hydroelectric project of the GAP, with 1,200 MW of capacity installed; its reservoir will submerge approximately 300 km2 in the Tigris Valley. Even though project works started in 1954 the project has only been approved in late 1990s. Since then, several consortia of European companies…

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