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Turkey plans to invest $125 bln in energy by 2023

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Turkey plans to invest $125 bln in energy by 2023

Turkey plans to invest $125 billion into energy by 2023, as the country’s energy demands continue to increase tremendously, Turkish Energy Minister Ali Rıza Alaboyun said during a speech at the Atlantic Council Energy & Economic Summit in Istanbul. “Energy demand in Turkey increases 7 percent per annum. To achieve this goal, Turkey is planning to invest $125 billion into the energy sector by 2023,” Alboyun said. Turkey plans to roughly double its current 72,000 megawatt (MW) energy capacity to 130,000 MW by 2023, he noted, adding the country was planning to diversify its energy mix and was determined to reduce its dependency on natural gas for electricity generation.
Source: www.hurriyetdailynews.com

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Turkey plans to invest $125 billion into energy by 2023, as the country’s energy demands continue to increase tremendously, Turkish Energy Minister Ali Rıza Alaboyun said during a speech at the Atlantic Council Energy & Economic Summit in Istanbul. “Energy demand in Turkey increases 7 percent per annum. To achieve this goal, Turkey is planning to invest $125 billion into the energy sector by 2023,” Alboyun said. Turkey plans to roughly double its current 72,000 megawatt (MW) energy capacity to 130,000 MW by 2023, he noted, adding the country was planning to diversify its energy mix and was determined to reduce its dependency on natural gas for electricity generation.
Source: www.hurriyetdailynews.com

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