Asian partners could replace UAE on Turkey plants | Economy | World Bulletin:
"Turkey could hand over power plants in its Southeast to a South Korean or Chinese firm, thus unilaterally terminating a contract with the UAE after the Gulf country delayed the project, the government signaled on Thursday.
Energy Minister Taner Yıldız told reporters in Ankara on Thursday that his ministry spoke with South Korean officials about possible cooperation on the project, worth as much as $12 billion, to build several power plants that will use the lignite coal reserves of Turkey's Afşin-Elbistan region.
“We are discussing possible cooperation here with Chinese or South Korean firms. … Details will come in the following days,” Yıldız said. Turkey is already partners with both Asian countries on separate energy programs. Turkey's state-owned Electricity Generation Co. and the Abu Dhabi National Energy Company (TAQA) -- the state-owned oil explorer and power supplier -- agreed in January to go ahead with the project. However, TAQA announced earlier this week that it will postpone the project until 2014, citing other spending priorities"
'via Blog this'
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