BR100 Increased By (0.67%)
BR30 Increased By (0.57%)
KSE100 Increased By (0.73%)
KSE30 Increased By (0.62%)
AGHA 6.44 Increased By ▲ 0.06 (0.94%)
BECO 4.33 Increased By ▲ 0.11 (2.61%)
BML 63.00 Increased By ▲ 2.68 (4.44%)
BOP 31.87 Decreased By ▼ -0.04 (-0.13%)
CNERGY 11.84 Increased By ▲ 0.49 (4.32%)
CSIL 6.34 Increased By ▲ 0.74 (13.21%)
FCCL 62.80 Decreased By ▼ -0.81 (-1.27%)
FFL 14.64 Increased By ▲ 0.63 (4.5%)
FNEL 1.19 Increased By ▲ 0.02 (1.71%)
KEL 6.15 Decreased By ▼ -0.06 (-0.97%)
KOSM 5.72 Decreased By ▼ -0.01 (-0.17%)
LOTCHEM 25.30 Increased By ▲ 0.47 (1.89%)
MLCF 106.77 Decreased By ▼ -0.50 (-0.47%)
NBP 184.00 Increased By ▲ 0.16 (0.09%)
NCPL 53.75 Decreased By ▼ -0.99 (-1.81%)
NPL 55.64 Decreased By ▼ -0.89 (-1.57%)
OGDC 319.21 Increased By ▲ 2.19 (0.69%)
PACE 9.57 Increased By ▲ 0.25 (2.68%)
PAEL 35.10 Increased By ▲ 0.35 (1.01%)
PIBTL 13.98 Increased By ▲ 0.11 (0.79%)
PPL 227.88 Decreased By ▼ -0.02 (-0.01%)
PRL 82.12 Increased By ▲ 4.86 (6.29%)
PTC 48.40 Increased By ▲ 0.42 (0.88%)
SSGC 24.75 Increased By ▲ 0.90 (3.77%)
TBL 9.40 Increased By ▲ 0.06 (0.64%)
TELE 7.65 Increased By ▲ 0.36 (4.94%)
TPL 25.60 Increased By ▲ 0.02 (0.08%)
TPLP 13.25 Decreased By ▼ -0.68 (-4.88%)
TREET 25.17 Decreased By ▼ -0.40 (-1.56%)
TRG 54.95 Increased By ▲ 0.51 (0.94%)
World

Saudi Arabia, Turkiye sign deal to build 3,000 MW of wind power capacity

  • The agreements will bring to 5,000 MW the total capacity of power plants to be built jointly with Saudi Arabia
Published Updated
Photo: Reuters
Photo: Reuters
By

ISTANBUL: Saudi Arabia and Turkiye signed a pact on Tuesday for the second phase of a deal struck in February to build large-scale power plants in Turkiye, the Turkish energy ministry said.

Wind power plants are planned with total capacity of 3,000 megawatts (MW), or the equivalent of a fifth of Turkiye existing installed wind power capacity, under the deal signed at the COP31 summit in Antalya, the ministry said.

“We are deepening our strategic energy cooperation with Saudi Arabia,” Energy Minister Alparslan Bayraktar said, adding that the investments aimed to strengthen grid infrastructure and boost system flexibility.

The first phase of the February pact envisages ACWA Power building solar power plants with a combined installed capacity of 2,000 MW in Sivas and Karaman’s Taseli region.

The agreements will bring to 5,000 MW the total capacity of power plants to be built jointly with Saudi Arabia.

Meeting Turkiye long-term energy targets will need average annual installation of 10,000 MW of new wind and solar power capacity, government plans show.

Comments

200 characters remaining