International Finance

Energy and Natural Resources Ministry spells out Turkey’s biggest power generation investments

Turkey, energy investments, power generation capacity, Energy and Natural Resources Ministry
A total of US$6.2bn has been invested in licensed power generation plants with 5,840 MW capacity

Energy and Natural Resources Ministry said Turkey has invested US$6.2bn in power generation plants of 5,840 MW capacity, last year.

According to the Ministry’s data, the end of last year saw an increase of 85,200 MW in Turkey’s installed electricity capacity. The investments in natural gas and coal power plants were noted to be the biggest last year.

The investment for natural gas combined-cycle power plants with a power generation capacity of 2,621 MW was nearly US$2.3bn. Additionally, an investment of US$1.56bn in 320 MW capacity imported coal power plants was fulfilled. Last year, overall renewable energy capacity of 1,821 MW commenced operations, according to a news report on Daily Sabah.

The investments for wind power plants of 746.3 MW and hydroelectric power plants of  736.9 MW capacity reached US$900mn and US$1.1bn, respectively. Geothermal, biomass, solar power and waste heat plants of 33 MW installed power capacity benefitted US$332mn worth of investments.

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