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Verbund: Further Expansion in Turkey

Published: November 10, 2010; 12:12 · (Vindobona)

The power company intends to increase its presence in the rapidly growing Turkish market. But above all, investments will be made in Austria.

Verbund: Further Expansion in Turkey / Picture: © Flickr

Verbund’s expansion in Turkey continues. The Turkish economy is, with more than 70 million inhabitants, one of the fastest growing worldwide. "The rates of increase in electricity consumption are at 7 to 8% per year", said Verbund boss Wolfgang Anzengruber.

The joint venture Energija, which is operated together with the Turkish partner Sabanci, will receive equity for a…

This article includes a total of 201 words.

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