Turkish conglomerate to invest $1bn in power generation

Turkish energy and construction giant, Limak, is to make a $1bn investment over the next five years in power generation, and add 2000 MW to the Turkish grid in the process.

It will bring its overall capacity to 5000 MW from the current 3000 MW, the company's chairman said.
Limak logo
Limak already holds 35 percent in a consortium which has taken over the power distribution of 11 Turkish provinces through privatisation tenders in 2013 and 2014.

The $1bn will be used to construct a new power plant and to boost efficiency at existing plants, Nihat Ozdemir told a news conference.

"I believe the demand will rise after the (June) elections and will post an increase of 5 per cent this year. According to our predictions, after 2017, there will be an energy deficit (in electricity)," he said.

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