Three Japanese power companies, namely Chubu Electric, Marubeni and Mitsubishi, and a group of Qatari investors (Qatar Holding and Nebras Power, a 60%-owned subsidiary of Qatar Electricity and Water Company, QEWC) have signed an agreement on the potential development of projects in the Afsin Elbistan region of Turkey, which is estimated to hold 45% of Turkish lignite reserves. Partners will evaluate lignite-fired power projects and will then try to reach an agreement with the Turkish government.
In January 2013, Abu Dhabi National Energy Company (TAQA) and Turkey’s power utility EÜAŞ were selected to acquire, modernise and expand the existing 1,400 MW Afsin Elbistan B power plant and develop several new power plants and associated mines in sectors C, D, E and G of the Afsin-Elbistan region in southern Turkey. The US$12bn (€15bn) agreement collapsed in August 2013 after TAQA decided to delay its planned investment due to though financing conditions. Turkey turned to other potential investors including Chinese and Qatari investors.
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