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Turkey's ETI MADEN I.G.M. company to implement several projects

Türkiye Materials 14 April 2020 11:39 (UTC +04:00)
Turkey's ETI MADEN I.G.M. company to implement several projects

BAKU, Azerbaijan, Apr. 14

By Rufiz Hafizoglu - Trend:

Turkey's ETI MADEN I.G.M. company, engaged in production and supply of the boron-containing minerals, will implement 10 projects in 2020, Turkey’s Ministry of Energy and Natural Resources told Trend.

The total cost of all projects is 625.6 million liras ($92.3 million).

The ministry noted that all projects will be implemented exclusively at the expense of the company.

In 2020, seven projects will be implemented by seven mining companies with a total value of 3.5 billion Turkish liras ($516.6 million).

Meanwhile, 118 energy projects with a total value of 24.5 billion liras ($3.6 billon) will be implemented in the country.

To implement these energy projects, foreign loans in the amount of 2.8 billion liras ($413.3 million) will be attracted, and 14 companies will participate in the implementation of these projects.

(1 USD = 6.7740 TRY on Apr. 14)

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