World Bulletin / News Desk
Turkey's strategy to boost the country's domestic energy resources continued with Monday's solar tender, but wind energy will be the next step in this strategy, Energy and Natural Resources Minister Berat Albayrak said Monday.
Albayrak explained that the Kalyon-Hanwha consortium won the tender bid on Monday for the construction of Turkey's biggest solar power plant in Karapinar in the central Anatolian region at a cost of $0.0699 per kilowatt-hour.
The Minister hailed the project as a day of revolution for Turkey's energy sector, and added that "in the coming months, we will see a similar tender in wind energy."
"This project is a crucial turning point for our strategy. Overall four companies participated in today's tender. Obviously, the result of this revolutionary tender was a testimony to the beginning of a process in which energy will be exported to both Turkey and the region," he said.
Turkey has already begun a strategy to boost the country's domestic energy resources, including coal and renewables. The capacity of local resources in the total energy mix is expected to grow further.
According to the ministry's 2015-2019 Strategic Plan, 32,000 megawatts of production capacity in hydro power is targeted, 10,000 megawatts is aimed for wind, 1,000 megawatts in geothermal, 3,000 megawatts from solar and 700 megawatts from biomass.
Turkey aims to consolidate its position centered among energy-rich countries to reduce its energy import dependence and increase reliance on domestic resources.
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46
Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44