Turkey, UAE sign deal to invest in $12bn power project

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State power companies in Turkey and United Arab Emirates have signed an agreement to invest in a US$12bn project to produce electricity in Turkey's Afsin-Elbistan region, Turkey's energy minister said on Thursday.

The Afsin-Elbistan project will provide the region in Turkey's south-east with 8,000 megawatts of power at full capacity, the companies said in a joint news conference. Initial operation is to start in 2018 and the full project 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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