Sabah - China’s largest power plant equipment producer Harbin Electric has entered into a partnership deal with Türkiye’s Hattat Holding’s company of Hema Endustri for the manufacturing of boilers, generators, turbines and other components to be used in power plants utilizing resources such as hydro, wind, coal, natural gas, as well as nuclear to generate electricity.
Planned to be completed within two years, the plant valuing USD 250 million will be located in the Western Turkish province of Tekirdag and will employ over 2,000 people. The companies will have equal shares in the investment which will help reduce Türkiye’s equipment and machinery imports in a strategic sector.
Investments in the fast growing country’s energy sector over the next decade are expected to reach USD 100 billion and to have an installed capacity of at least 125,000 MW by 2023, the centennial of the Republic.