12/6/2011

US energy companies visit Turkey for partnership deals

Zaman - Energy companies from the US seek to enter Turkey’s growing energy market. A delegation of representatives from 16 US companies specializing in renewable energy and energy efficiency are on a visit to the Ankara Chamber of Industry (ASO) to discuss partnership opportunities with their Turkish counterparts.

Led by the Assistant Secretary of Commerce for Market Access and Compliance under the US Department of Commerce, Michael Camunez, US companies consisting of General Electric, Abound Solar, WorldBusiness Capital Inc., Dow Energy and others will hold talks with 45 local companies, including Nurol, Güris, Yuksel Enerji, GAMA, OSTIM and Aksu Mining, to form partnerships. 11 of the 16 visiting companies have no prior presence in Turkey.

“Special emphasis is given to energy efficiency and renewable forms of energy,” said ASO Chairman Nurettin Ozdebir at the meeting, stressing Turkey’s increasing energy consumption that has now surpassed the OECD average.

Camunez, head of the visiting US delegation, said that the US government intends to enhance the partnership between the two countries, which requires economic as well as political cooperation. “The energy sector plays a vital role in taking trade relations further,” he said, explaining the reason for the delegation’s visit. US companies utilize the latest technologies, and are here to enter into deals with Turkish companies, he noted.

With its favorable location and climate, Turkey has abundant resources of renewable energy including hydro, wind, solar and geothermal, from which the country aims to supply 30 percent of its power needs by 2023, the centennial of the republic.
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