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Business & Finance

EBRD says considering investment in Turkish renewable energy company

Published May 17, 2018 Updated May 17, 2018 01:29pm
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By Shoaib Ur RehmanReuters
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ISTANBUL: The European Bank for Reconstruction and Development said on Thursday it is considering an equity investment in Turkey's Ictas renewable energy company in the form of a capital increase.

The investment will support the development and diversification of the Ictas renewable energy company portfolio of power plants, which currently consists of around 400 megawatts of hydro power plants and plans for numerous renewable projects, the EBRD said.

Copyright Reuters, 2018
 

 

 

 

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