Kuwaiti and South Korean companies join forces to invest in Turkey’s solar power

Posted on 18 September 2012

Istanbul, 15 September 2012 – A group of South Korean companies, CX Concentrix Solar Korea, Kincoa and KEPCO have joined force with a Kuwaiti company, As Yatırım, to build a 150 MW solar power plant costing about 450 million USD. As Yatırım’s CEO and partner, Ugur Akkus, said “We plan to build a solar power plant in Turkey with a combined capacity of 150 MW over the next five years. A contract has been signed with the South Korean companies and solar radiation measurements will soon begin in 18 different locations. We will then apply for licensing for 20 locations” and went on to say “The majority of the project will be realised with loans from the Gulf banks. South Koreans will also supplement the financing needs”. Surce: Invest in Turkey

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