Turbocharger Bypass Valve (6.6L Diesel Engine)
WARNING: This page does not describe the selected car, but rather 7 other vehicles, including the 2002 GMC Yukon XL, 2002 GMC Yukon, 2002 Chevrolet Tahoe, 2002 Chevrolet Suburban, and 2002 Chevrolet Avalanche. However, it is still accessible from the selected car via links, so may be relevant.
The turbocharger bypass valve is a temperature control valve. The valve is located in the turbocharger coolant inlet hose at the water outlet tube.
The purpose of the valve is to close the coolant flow through the turbocharger. Closing off the coolant flow through the turbocharger avoids turbocharger overcooling.