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Turkmenistan to supply electricity to Turkey

Oil&Gas Materials 1 June 2013 12:34 (UTC +04:00)

Turkmenistan, Ashgabat, May 31 / Trend H. Hasanov /

The Turkmenenergo State Corporation will conclude a contract for the supply of electricity to Turkey with a Turkish company Gent Elektrik Enerjisi Toptan Satiş A.Ş, the Ministry of Energy of Turkmenistan said.

The corresponding decree was signed by the President Gurbanguly Berdymukhamedov, according to which this will diversify supply routes and increase the volume of foreign exchange funds entering the country.

It is about 600 million kilowatt / hours per year (± 20 percent) from 1 July 2013 to 1 July 2016 on the terms of settlement. Is expected to open a replenishable collateral account.

Turkmenistan has adopted the Concept for development of the electric power industry for 2013-2020. Investment to the sum exceeding $5 billion is considered in this sector

The first stage in the period of 2013-2016 provides for construction of eight gas turbine power plants in the Akhal, Lebap and Mariy velayats (regions), reconstruction of power plants in the cities of Seydi, Balkanabad and Abadan and construction of high-voltage power lines. Conducting these activities will almost double electricity production by 2016.

There are currently 10 power plants operating in Turkmenistan as well as 32 turbines, including 14 steam turbines, 15 gas turbines and three water turbines. The volume of electricity produced has increased by 138 percent in 2007-2012.

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