4 September 2013
Turkey is holding negotiations with China and South Korea to implement a project to build $12bn worth of power plants in the country, following a pull out of investment by Abu Dhabi firm TAQA.
Construction was due to begin in mid-2013, but the deal was put on hold after TAQA decided to defer investment in the project citing "other spending priorities".
At least one analyst had blamed Abu Dhabi’s pull-out on differences between Turkey and the UAE over the removal from power of Mohamed Morsi.
Reported in Sabah newspaper, Turkey’s energy and natural resources minister, Taner YÄ±ldÄ±z, said that immediately after the UAE rejected the construction of the thermal power plants, Turkey started work on a back-up plan.
Construction of the plants would take advantage of the lignite coal reserves in the Afsin-Elbistan and could provide up to 8,000MW of power to southeast Turkey.