Turkey Is Set to Sign a Major Coal Field and Power Plant Development Agreement

It is reported that Turkey is set to sign a major coal field and power plant development agreement with Abu Dhabi Energy Company, also known as TAQA.

A spokesman for TAQA said that the Afsin-Elbistan field deal is likely to be agreed on January 3rd.

Platts said that the agreement will cover the renovation of an existing 1,400MW power plant as well as the construction of up to 7GW of new generating plant.

TAQA's spokesman said that the construction of the new capacity is expected to take over a decade to complete.

He said that TAQA hopes to establish a JV with Turkey's state power generating company EUAS in order to finalize details of the scope of the development and the structure of the project.

Mr Taner Yildiz energy minister of Turkish said that the deal will be worth around USD 12 billion.

The Afsin Elbistan field has long been targeted for further development with Mr Yildiz Turkish announcing three months ago that Turkey is targeting developing a total of 17GW of new power plant using local lignite and hard coal.

In October TAQA said that it had completed a feasibility study and prepared an investment model for a major power project in southern Turkey in cooperation with Electricity Generation Co Inc.

Turkish and Abu Dhabi government officials signed a joint declaration in which they expressed their strong support for the project in the Elbistan region which will see the development of mines and new power plants.