Taqa pulls out $12b investment from Turkey power projects | GulfNews.com:
"Abu Dhabi National Energy Co (Taqa) confirmed on Monday that it is withdrawing its $12 billion (Dh44.07 billion) investment in Turkey.
Taqa had signed an agreement with Turkey in January to invest $12 billion to develop coal fields in Southern Turkey.
“Taqa was supposed to invest $12 billion in the construction and modernisation of thermal power plants [TPPs] in Turkey,” a source at Taqa said.
The construction and commissioning of those thermal power plants in Turkey’s Afsin-Elbistan region would have created more than 10,000 jobs."
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