Turkish Electricity Distribution Corporation eyes to implement several projects

Türkiye Materials 11 July 2021 15:11 (UTC +04:00)

BAKU, Azerbaijan, July 11


The Turkish Electricity Distribution Corporation (TEDAS) intends to implement seven energy projects till late 2021, the Turkish Ministry of Energy and Natural Resources told Trend.

According to the ministry, 750 million Turkish liras ($86.6 million) will be allocated for their implementation.

"All projects will be implemented through the state budget," the ministry said.

The ministry said that TEDAS allocated 317 million Turkish liras ($36.6 million) for the implementation of energy projects last year.

Turkey's expenditures on the implementation of energy projects will amount to 16.8 billion Turkish liras ($1.9 billion) as of 2021, while this figure at the end of last year stood at 44.5 billion Turkish liras ($5.1 billion).

Some 125 energy projects will be implemented in Turkey till late 2021. Turkey will spend foreign loans in the amount of 3.1 billion Turkish liras ($357.9 million) for their implementation.

Some 16.6 billion Turkish liras ($1.9 billion) out of 44.5 billion Turkish liras ($5.1 billion) allocated in Turkey for the implementation of energy projects in 2020 accounted for the foreign loans.

(1 USD = 8.6872 TRY on July 11)