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FinancialNews


  • 03-01-13

    Turkey, UAE join hands in a USD12b power project

    (MENAFN) UAE has signed a deal with Turkey to join hands in a USD12 billion power project in Turkey's Afsin-Elbistan region, Reuters reported, citing Turkish energy minister. State-controlled companies from both countries said the Afsin-Elbistan project will provide the region in Turkey's south-east with 8,000 megawatts of power at full capacity. The project is expected to be operational in 2018 and the full project to be completed in 2021. Turkey's state-owned Electricity Generation Company (EUAS) and Abu Dhabi National Energy Co (TAQA) in November signed a protocol regarding electricity production in the region, which includes a coal mine.

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