Turkey turns to Korea to rescue coal plant

Turkey is in talks with South Korea over the development of a lignite and coal power project that had stalled due to a decision to postpone investment by the Abu Dhabi National Energy Company (Taqa).

The UAE company had agreed to build the plant in Turkey's Afsin Elbistan region but earlier this week it announced the delay of the project.

"This investment will not be out in the cold," energy minister Taner Yildiz told reporters. "We can't insist to Taqa, 'Come, take part in this.' We are also in talks with South Korea about this."

The new $12bn project is important to Turkey’s efforts at energy diversification.

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