Nebras to Mull Over Massive $14 Billion Energy Project in Turkey

turkey

Energy-hungry Turkey is embedded with geostrategic benefits, bridging Asia, Europe and the Middle East. However, Turkey’s growing economy and population demands greater power generation capacity and distribution. Turkey also wants to limit energy imports, being heavily reliant on gathering foreign sources of oil, natural gas and hard coal. Doha-based Nebras Power Company, backed by Qatar Electricity and Water Company (QEWC), Qatar Holding and Qatar Petroleum International, is in talks with the Turkish government in investing in massive mining and power projects in Turkey. Nebras Power is contemplating participating in an international consortium to harvest coal mines and construct coal-fired power plants within Turkey. The proposed coal-run power plants would have a possible generation capacity of 4500 MW.

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