Turkey to invest $250 billion in energy and transport projects
Azerbaijan, Baku, Jan.17 / Trend, A.Taghiyeva /
Turkey intends to invest $250 billion in energy and transport projects in the next 10 years, Anadolu Agency quotes Turkish Economy Minister Zafer Caglayan as saying on Thursday.
In particular, according to Caglayan, the country intends developing the transport infrastructure. About $110 billion will be invested in railway projects.
Turkey intends to invest about $130 billion in the energy sector most of which will be directed at increasing electricity production in the country. Thanks to these investments, electricity production may double from the current 57,000 MW/h to 114,000 MW/h, Caglayan said.
Earlier in its report, the Turkish State Electricity Transmission Company (TEIAS) said that in the period from January to November 2012, electricity production in Turkey grew by five per cent compared to the same period in 2011, amounting to 218.6 billion kilowatt / hours.
Electricity consumption in January-November 2012 increased by 5.6 per cent compared to the same period in 2011, amounting to 220.9 billion kilowatt / hours.