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Turkey signs on to US$12 billion coal field energy project with UAE: official

AFP
January 4, 2013, 3:13 pm TWN

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ANKARA -- Turkey signed on Thursday a US$12 billion agreement with the United Arab Emirates for the development of coal fields in southern Turkey to generate electricity.

The agreement between Abu Dhabi-based TAQA and Turkey's state-run power company EUAS marks the biggest Arab investment in the Turkish energy sector, a senior energy ministry official told AFP.

With the agreement, the coal reserves at Afsin-Elbistan basin in southern Turkey will be put to use for electricity production.

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