6/17/2009

USD 3 billion of investment from Czech partnered Akenerji

Referans – Haber Turk - Akenerji, a subsidiary of Akkok Group, which last year established a partnership with one of the Czech Republic’s largest energy groups, CEZ Group, will increase its energy capacity to 3,000 MW by 2013 at an investment cost of USD 3 billion. 35 percent of the investments will be focused on renewable energy. Mehmet Ali Berkman, Executive President and CEO of the Akkok Group of Companies, said, “Turkey’s demand for energy is expected to rise by six to eight percent per annum between 2009 and 2016. The Turkish energy sector is the center of attention for foreign investors due to this vast potential.” The CEZ Group likens Turkey to the 'tiger' of the region and has paid USD 302 million to Akkok for this partnership.

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