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

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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.

Related:

Market Performance

Abu Dhabi National Energy Company
0.54
-0.01 -1.82 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Dubai's smart palm tree technology revealed

Dubai's smart palm tree technology revealed

Smart Palms harness the sun's energy to allow people to look...

Decision time looms for Saudi on nuclear power?

Decision time looms for Saudi on nuclear power?

As other countries push ahead with their plans for conventional...

1
With crude at $50, oil firms fear deeper crisis than in 1980s

With crude at $50, oil firms fear deeper crisis than in 1980s

After slashing spending by $180 billion to deal with one of the...

Most Discussed