The power stations were among 13 which had been given a deadline of Dec. 31 to complete the investments, Kurum told a news conference regarding the plants, state-owned Anadolu news agency reported ISTANBUL : Turkey has decided to close five thermal power stations that have not that have not completed necessary environmental investments, Environment Minister […]
Turkey unveils first fully homemade car in $3.7 billion bet on electric
ISTANBUL: Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years. The project has been a long-time goal of President Tayyip Erdogan and his ruling AK Party […]
UPDATE 1-Turkey’s energy sector has $12-13 bln of problem loans – Garanti Bank executive
ISTANBUL: Turkey’s energy sector has $12-13 billion worth of loans that require restructuring, out of a total of $70 billion, lender Garanti Bank’s deputy managing director Ebru Edin said on Thursday. Last month, Finance Minister Berat Albayrak unveiled a plan to transfer some of the banking sector’s problem loans to off- balance-sheet funds, two of […]
EkoRE breaks ground on 1 GW vertically integrated module factory in Turkey
The groundbreaking ceremony of annual 1 GW solar panel vertically integrated production facility was held on March 11, 2019 with participation of Energy and Natural Resources Minister of Turkey Mr. Fatih Dönmez’s in Bor Organized Industrial Zone of Niğde. The company also revealed that on April 9, the project was awarded “special project” status under […]
