ENERGY > Turkey inks $12 billion energy project with UAE: official says

ANKARA - Agence France-Presse

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Turkish Energy Minister Taner Yıldız. AA Photo

Turkish Energy Minister Taner Yıldız. AA Photo

Turkey signed an agreement with the United Arab Emirates for the development of coal fields today in southern Turkey to generate electricity.
The agreement between Abu Dhabi-based TAQA and Turkey's state-run power company EUAS marks the biggest Arab investment in the Turkish energy sector, a senior energy ministry official told AFP.
"This is a very serious investment, a significant investment," Turkish Energy Minister Taner Yıldız said at the signing ceremony in Ankara.
"This is the second-biggest investment made in Turkey after the two nuclear power plant projects," he added.
With the agreement, the coal reserves at Afsin-Elbistan basin in southern Turkey will be put to use for elecricity production.
The basin has the potential to power new power plants with a total installed capacity of 8,200 megawatts. The Afsin-Elbistan basin posseses 4.4 billion tonnes of coal reserves, which account for approximately 40 percent of Turkey's lignite resources.
Turkey places priority on the development of its lignite in an attempt to reduce its dependence on imports of natural gas. With a new power plant that will be established in this region, Turkey is hoping to cut nearly $1.2 billion worth of natural gas imports, which account for a large part of the country's current account deficit.
Turkey, which produces most of its electricity from natural gas, is heavily dependent on imported energy.
And it is under severe pressure from its Western allies to reduce gas imports from neighbouring Iran owing to Tehran's disputed nuclear programme. Iran is Turkey's second-biggest natural gas supplier after Russia.
But government officials repeatedly said that Turkey would keep buying natural gas from Iran which supplies 18-20 percent of the gas it consumes.


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Notice on comments

ilker avni

1/3/2013 11:37:06 PM

Turkey is a land of peasants they dont know what they have untill some one steals it away. Ataturks said Turkeys true master is the peasants.Turkey is surounded by mineral riches,its one of the seven wonders of the world a heaven for treasure hunters,trouble is its allways foreiners who discover these treasurers and they tend to keep it for themselfs.

cezer "çapulcu" skonore

1/3/2013 10:13:03 PM

The coal fields mentioned in this article were discovered by some jewish hydrologist in 60's. They were surveying the region for water related projects as guests of the state water works department and they noticed the coal deposits at the land surface. Upon their return to Ankara, they mentioned about the immense coal fields they saw in that region to the Turkish hydrologist and geologist. The rest is history...

Ummah Muslim

1/3/2013 8:44:37 PM

Wel , remember Nadiri , 98+ % of Turkey is muslims!

ilker avni

1/3/2013 8:36:53 PM

England has started to import coal,yep unbeliveable but its true.England the land of coal shut down all its mines now decides to import coal from poland.Germany still uses coal,they have devised a way to burn clean coal for its power stations,Turkey should have turned to Germany.Turkey should stop importing from Iran,they use Turkish money to build arms that will be used on Turks one day.

Nadiri Başaran

1/3/2013 3:27:59 PM

Remember Ummah, that not all Turks are muslims!

Ummah Muslim

1/3/2013 11:59:36 AM

Elhamdulillah , muslims are brothers. We need to support each other.
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