Verbund in Turkey: Further Investments Instead of Withdrawal

Energy › Renewables ♦ Published: September 19, 2012; 23:05 ♦ (Vindobona)

In August, Verbund was said to sell its stake in Enerjisa to German eon. Now, Verbund may enlarge its investments in Turkey further.

Verbund in Turkey: Further Investments Instead of Withdrawal / Picture: © Verbund AG

It seems that Verbund is not ready to leave Turkey. By contrast, further investments are considered. In 2013, Verbund may resolve further hydro power plant projects together with its Turkish partner Sabanci. However, the precondition is the market liberalization, insiders report. Further liberalization steps are expected this year.

Last year, Verbund and Sabanci decided to create…

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Verbund, Turkey, EON, Germany, Investments, Energy Industry
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