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News 20111221 turkey

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News 20111221 turkey

News 20111221 turkey

Published in: Business, Technology

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  • 1. News December 21st, 2011 A group of companies in Turkey is preparing to invest €30 million in green energy in Romania Cenk Demir Group of Companies in Turkey is interested in green energy market in Romania and announces major investment in this segment. The group has earmarked €30 million for the first phase of the project, proposing that in future, to reach 100 MW at the local level. "Dobrogea is an attractive area for this type of business and therefore, here we start our project. In 2012 we will do feasibility studies and will invest heavily in the period 2013-2014", said Cenk Kucuk, the group CEO. He said he supports both investments in solar and wind farms, considering that green energy is a sector of the economy that will generate long-term income. "At present, we are not working with Romanian partners in the private or government, but we don’t exclude it in the future. For this project we use the Romanian workforce in a proportion of 80%", said Cenk Kucuk. According to him, a subsidiary of the business will be also an investment in modern greenhouses. Cenk Kucuk’s Group using a power plant in Turkey with a power of 20 MW natural gas-fired. In 2014, the group will operate an additional 70 MW plant that will operate the same way. In addition to power plants based on natural gas, Cenk Demir is obtaining work permits in Turkey to develop green energy projects.Eng. Paul Keisch Page 1