Skip navigation links
Press Releases
News from Turkey
Upcoming Tenders
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
Foreign investors in line for Turkey’s massive coal projects 

Sabah – Concentrating efforts on utilizing domestic resources to meet the soaring power demand of its growing economy, Turkey is in talks with global energy companies to develop the country’s Afsin-Elbistan coal fields in Southeastern Anatolia Region.

An agreement is expected within a month on the project which includes the development of coal mines and building several thermal power plants on the site, estimated to hold 4 billion tons of lignite, for an investment total of USD 10-12 billion.

An intergovernmental agreement between Turkey and Abu Dhabi was signed for the development of the Afsin-Elbistan coal fields in early 2013 but plans were shelved due to other spending priorities for TAQA, the Emirati company that was to undertake the project.

Turkey’s Ministry of Energy is also working to exploit another large deposit of coal located in Konya’s Karapinar district in Central Anatolia Region. Also arousing interest among foreign energy companies, the Karapinar site will cost USD 7-8 billion to develop.

The Turkish government has taken steps to bring the country’s vast coal reserves to the attention of foreign energy companies via changes to its investment incentives system, making the use of locally-sourced fossil fuels to fire thermal power plants more attractive.

With all of its domestic coal reserves tapped, Turkey plans to reach a total installed capacity of 120,000 MWs in 2023.

14.02.2019 FDI Inflows to Turkey Surged in 2018
12.02.2019 Japanese Secom Enters into Turkish Market
08.02.2019 President Erdoğan Receives a Delegation of US Businesspeople
01.02.2019 Hybrid Version of Iconic Corolla Makes Global Debut as First Batch Rolls Off Line
07.01.2019 PepsiCo Commissions Sixth Factory in Turkey
14.12.2018 President Erdoğan Unveils Second 100-Day Action Plan
21.11.2018 Turkey and Russia Mark Completion of Offshore Section of Turkstream
18.11.2018 GE to Develop Manufacturing Tech for Aviation in Turkish Lab
16.11.2018 Toyota Begins Mass Production of New Corolla Hybrid in Turkey
13.11.2018 Pirelli’s Licensed Manufacturer Prometeon Invests in Turkey
1 2 3 4 5 6 7 8 9 10