Turkish PM: Turkey plans to invest $100 billion in energy
Azerbaijan, Baku, April 20 /Trend A.Tagiyeva/
Turkey is planning to invest around $100 billion in the energy sector of the country over the next 10 years, Turkish Prime Minister Recep Tayyip Erdogan said to delegates at the World Energy Summit, which began on Friday in Istanbul, the newspaper Zaman reported.
Erdogan said Turkey's main goal in this issue is to attract investment from the private sector.
He added that Turkey supports the early implementation of the Nabucco project and others along the Southern Gas Corridor which will strengthen the role of the country.
The Nabucco gas pipeline is one of the Southern Gas Corridor projects which is designed to transport gas from the Caspian region and Middle East to the EU. The construction of the pipeline is planned to begin in 2013 and the first supplies will start in 2017.
The maximum capacity will be 31 billion cubic meters a year. The project's shareholders include Bulgarian Energy Holding, Turkish Botas, Austrian OMV, German RWE, Hungary's FGSZ and Romanian Transgaz.