French firm may invest 7-8 bln euros in Turkey

French firm may invest 7-8 bln euros in Turkey

French firm may invest 7-8 bln euros in Turkey

The Energy Minister (R) says GDF Suez may make huge investment in Turkey. AA photo

Energy Minister Taner Yıldız has said France’s GDF Suez plans to invest in 7-8 billion euros in Turkey, adding that he will be meeting with a number of international energy companies in Paris.

“I’ll meet a number of global companies in Paris to discuss cooperation opportunities and to hear their investment plans in Turkey. One of them is GDF Suez, which wants to invest some 7-8 billion euros in Turkey,” he said while being interviewed live on TRT.

Turkey’s second planned nuclear power plant will be built by a consortium between Japan’s Mitsubishi Heavy Industries Ltd, Itochu Corporation and France’s GDF Suez.

“Turkey offers over $118 billion of investment opportunities in energy right now. I’ll also be meeting with the Energy Minister of Norway, a country which is leading in renewable energy technologies,” he noted. Energy Minister Taner Yıldız will chair the International Energy Agency’s (IEA) ministerial meeting due to take place in Paris between Nov. 19 and 21.

“Turkey will chair the IEA’s ministerial meeting for the first time in the 40th anniversary of the agency. Turkey’s sturdy, rational energy policies, coupled with political stability have played a big role for the IEA in process to decide the chair of this year’s meeting,” he said.

The IEA ministerial meeting is held once every two years to set the broad strategic priorities for the IEA.