Turkish Ministry of Energy and Natural Resources in alliance with World Energy Council and supported by the World Bank, consider ENERGY 2000 Exhibition and Conference as a focal point of their programme to meet rapidly growing energy demand.
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The Turkish Ministry of Energy predicts US$3,5 billion worth of investment for new power generating capacity every year. It is encouraging foreign companies to co-invest with local partners to build new power plants, to operate the existing thermal power plants and distribution grids. |
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Rolls-Royce Power Ventures has recently announced that it has formed a JV with Bilkent Holding of Turkey, to build, own and operate large power generating facility in Ankara. UK Government fully supports RR involvement in Turkey and has become an underwriter for this particular contract between UK and Turkish companies having backed up a US$11.3 million loan. |
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GAP (Great Anatolian Project) is another huge project is with RR's involvement. With estimated investment of US$32 billion, the project cover the irrigation of 1.8 million hectares of land, the building of 22 dams and 19 hydroelectric power stations to produce 27 billion kWh/year of electricity. This project is UN supported and plans for multinational involvement of various contractors and suppliers. |
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Turkey is one of the fastest-growing energy markets in the world. British DTI estimate that generating capacity will have to triple by 2010 and 187 hydro, thermal and nuclear power stations would have to be build to satisfy this demand at total cost of $50 billion. |
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World Bank extended a US$270 million loan to the power sector for the National Transmission Grid Project in order to support the reform in power sector by establishing the independent operation of the transmission grid system. |