Verbund: Further Expansion in Turkey

Businessn.a. ♦ 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: ©

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…