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Category archives for: Turkish Energy News

Turkey projects growth rate more than 8 percent

Turkish State Minister and Deputy Prime Minister Ali Babacan said on Saturday that countries talked about Turkey’s success in economy during the past eight years. Babacan delivered a speech at the 3rd Youth Symposium in Ankara and said that a great transformation has taken place in Turkey since 2002. Important steps have been taken on […]

Turkish firm to build major power plant in Iraq

A Turkish energy company on Thursday signed a deal with the Iraqi government to build a power plant for a cost of $445.5 million. The deal between Turkey’s Calik Energy and the Iraqi Electricity Ministry for the construction of the 1,250 megawatt al-Hayrat plant in Karbala. Calik Holding CEO Ahmet Calik and Iraq’s Deputy Electricity […]

Report says Turkey to face power shortage by 2016

A report in Turkey on Wednesday warned that the country could run a painful electricity shortage by as early as 2016 if countermeasures were not introduced in the shortest possible time. The report prepared by Turkey’s national electricity grid company offers projections over electricity demand and supply in the country within the next ten years. […]

Turkey seeks peaceful Nuclear Technology

Energy policy continues to dominate Turkey’s political agenda, as the Turkish Energy Minister, Taner Yildiz, has outlined various projects to address the country’s energy needs. Yildiz found the performance of the Turkish energy sector in 2010 satisfactory, in many respects; the increasing energy generating capacity; growing role of the private sector in electricity generation and […]

Turkey, Japan in exclusive talks for nuclear plant

Turkey is holding exclusive talks with Japan to build a nuclear power plant after failing to reach an agreement with South Korea. Turkey aims to conclude a deal with Japan in three months, Energy Minister Taner Yıldız said Thursday in an interview in Tokyo before holding talks with Toshiba, Tokyo Electric Power and Itochu Corp. […]

European development bank launches energy financing in Turkey

The European Bank for Reconstruction and Development, or EBRD, has launched a new financing facility to support Turkey’s investments in renewable energy and energy efficiency projects to increase energy savings and decrease carbon emissions. The new Mid-size Sustainable Energy Financing Facility, or MidSEFF, will help Turkey reduce its dependence on fossil fuels by financing private […]

Is a Turkish-Japanese trade agreement imminent?

Japan and Turkey have been experiencing an acceleration in trade relations thanks to an economic partnership agreement between the two and, as the Turkish and Japanese ministers emphasized, it is expected that trade between these countries will increase considerably.   The milestones of the Turkish-Japanese trade relations are the visit of Genichiro Fukuchi and Mokurai […]

Iraq given green light to run nuclear program

The UN Security Council on Wednesday gave Iraq the green light to develop a civilian nuclear program, ending 19-year-old restrictions aimed at preventing the country from developing atomic weapons.   In two other resolutions, the 15-nation council also wound up the controversial oil-for-food program for Iraq and set June 30, 2011, to end all immunities […]

Turkish firms have growing interest in energy projects

Several Turkish companies from different sectors attach a great interest in the energy area. Companies such as Calik, Turkerler, Sanko, Zorlu, Boydak, Net, Tema, Akbas, Sahinler, Akkok and Erenler made investments in the energy sector. Abdulkadir Konukoglu, chairperson of the executive board of Sanko Holding, told the AA correspondent on Thursday that the company had […]

Russia, Turkey press forward for energy projects

Russian energy minister Sergei Shmatko and deputy prime minister Igor Sechin traveled to Istanbul, Turkey on Wednesday to meet with Turkey’s energy minister Taner Yildiz and representatives of Turkish energy companies to discuss a proposed $20 billion, 4.8-gigawatt nuclear power plant project in Turkey as well as an oul pipeline that would connect Turkey’s Samsun […]

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