Turkey's Kalyon in talks with Abu Dhabi's IHC on energy assets -sources | Reuters
Turkey's Kalyon Holding is in advanced stages of talks with Abu Dhabi's International Holding Company (IHC.AD) on setting up a strategic partnership for energy assets, according to people familiar with the issue.
A total of four sources said Kalyon, which has big solar and wind concessions in Turkey, was in energy partnership talks with Abu Dhabi, with two of them naming IHC and two saying the talks were advanced, but that a final deal was not yet certain.
Turkey obtains the vast majority of its energy from imports and in order to boost its renewable energy production it began large-scale solar and wind power station tenders in 2017.
Last November, Turkey and the United Arab Emirates signed investment deals worth billions of dollars, including in energy, after talks between President Tayyip Erdogan and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. read more
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