Middle East Economic Survey
VOL. LII
No 28
13-Jul-2009
TURKEY
Turkey Vows To Press Ahead With Ilisu Hydropower Project Despite ECAs Withdrawal
Turkish Minister of the Environment Veysel Eroglu told reporters on 8 July that Turkey would build the Ilisu hydroelectric power project despite the decision by three European export credit agencies (ECAs) not to provide funding. The ECAs of Germany, Austria and Switzerland announced jointly on 7 July their decision to withdraw support for a 1.2bn loan...
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