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Turkish general directorate to implement several energy projects

Türkiye Materials 3 June 2020 13:32 (UTC +04:00)
Turkish general directorate to implement several energy projects

BAKU, Azerbaijan, June 3

By Rufiz Hafizoglu - Trend:

The Mineral Research and Exploration General Directorate of Turkey (MTA) will implement six projects in 2020, the Ministry of Energy and Natural Resources of Turkey told Trend.

The total cost of all projects to be implemented is 414.8 million Turkish liras ($61 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, the total cost of which is 9.7 billion liras ($1.4 billion).

The ministry added that 118 energy projects with a total value of 24.5 billion liras ($14.4 billion) will be implemented in Turkey in 2020.

To implement these projects, foreign loans worth 2.8 billion liras ($412.1 million) will be attracted.

Fourteen companies will participate in the implementation of energy projects.

(1 USD = 6.7939 TRY on June 3)

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