Government in Ankara boosts transmission, distribution
More than TRY 5.6 billion (EUR 1.66 billion) was invested in the electricity transmission and distribution sector in Turkey last year, according to data released by the Energy Market Regulatory Authority (EMRA). Anadolu Agency’s Energy News Terminal reported 21 of the private electricity distribution companies invested more than EUR 1 billion. About 50% of investments […]
IFC assisting in waste sector, sustainable cities
A roundtable brought together international and local waste management companies, the nation’s metropolitan municipalities and the Ministry of Environment and Urbanization to help Turkey’s cities become more sustainable and combat the challenges of rapid urbanization. The event was organized by the International Finance Corporation, a member of the World Bank Group. Turkey’s population of 75 million produces […]
Turkey nearing 6 GW in wind energy
National potential for power generation from wind turbines is more than double its current installed capacity, which will reach 6 GW by the end of the year, compared to 4.76 GW in May, according to Mustafa Ataseven, president of Turkish Wind Energy Association (TWEA or Türeb). Speaking to Anadolu Agency on the eve of Global […]
Statkraft divesting largest hydro project outside Norway
The Çetin power plant in Turkey, which saw construction works suspended in February, is up for sale by its Norwegian developer. State-owned Statkraft said it is hiring Garanti Securities as a financial advisor in the bidding process, with a deadline for expressions of interest expiring on August 1. As fights between government forces and the […]
Hydropower plants with 376 MW in total to be privatized
Turkey will sell five hydropower units in Kayseri, Kahramanmaraş and Tokat in the central part of the country, the Official Gazette said, as reported by Anadolu Agency’s Energy News Terminal. The Privatization Administration (ÖIB) announced it will privatize the plants in three lots – Çamlıca in Kayseri, Menzelet and Kilavuzlu plants in Kahramanmaraş, and Almus […]
Toshiba to supply geothermal plant with flash turbine
Zorlu Energy – Enerji Elektrik Üretim AŞ, independent power producer and member of Zorlu Energy Group – Grubu, will construct its 95 MW power plant Kızıldere 3 using solutions provided by Toshiba Corp. The Turkish company ordered a flash steam turbine system and generator for its geothermal project in Aydın province of West Anatolia, 150 […]
Turkey to return incentives for power plants on coal
The government of Turkey is set to reintroduce incentives and environmental exemptions for coal-fired power plants, Hürriyet Daily News reported. The measures were cancelled by the Constitutional Court over ecological concerns. The draft law will pave the way for all privatized coal-fired power plants to be exempted from environmental regulations until 2020, the portal reported. These power plants […]
IFC supports green bond to mobilize private funds
International Finance Corporation, member of the World Bank Group, said it invested USD 50 million (EUR 44.7 million) in a green or sustainable bond issue of the Industrial Development Bank of Turkey (TSKB). This is the first such security issued from Turkey in international debt capital markets. The issue size of the bond is EUR […]