Middle East Economic Survey


No 52



AES To Develop Coal-Fired Power Project In Southeast Turkey

US-based AES Corporation on 21 December announced that its joint venture with Turkeys KOC Holding, AES Entek, will build a 625mw coal-fired power plant in southeastern Turkey. A statement released by AES said the Ayas project is equally owned by a joint venture between AES Entek and Oyak, Turkeys largest investment fund. The company said construction of the plant is due...