Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 28/01/2020 12:38 
09.10.2019 16:24 News >> Turkey To Invest $10B In Energy Efficiency In 10 Years

Turkey To Invest $10B In Energy Efficiency In 10 Years

Energy efficiency investments amount to $837M in 2017 and $518M in 2018, energy minister says.

Turkey's public and private sectors will jointly invest $10 billion in energy efficiency area in the next 10 years, Turkish energy and natural resources minister said.
The energy efficiency is a high-yield sector, the $10 billion investments will generate $30 billion savings until 2033, Fatih Donmez stressed during the 10th Istanbul Finance Summit (IFS'19) that began on Wednesday.
"Energy efficiency investments totaled $837 million in 2017 and $518 million in 2018," Donmez said.
He also noted that Turkey saw renewable energy investments of around $16 billion in the last five years.
"In the last five years, $4.8 billion investment was made in solar power, $4.3 billion in wind farms, $6 billion in hydroelectric plants, $1 billion in geothermal and $430 million in biomass," the minister highlighted.
The energy sector has changed significantly in the last 20 years, the public dominance in the sector gave its place to the private sector, Donmez reminded.
Turkey made efforts for digital transformation in fields of energy substructure, mining technologies, nuclear energy and hydrocarbon technologies, he stressed.
"We target to make Turkey a serious brand in this area," the minister underlined.
Recently, there are several foreign-based financing models, especially from Europe and Far East Asia, such as regional development programs, investment banks, agencies and grants, for funding the energy sector, he said.
"Turkey attracts these funds with its strong economy and political stability," Donmez added.
He underlined that every economy may face difficult periods, the important thing is how quickly the country gets rid of these shocks.
"In recent years, Turkey's economy has passed a serious test of endurance and I am sure that the coming period will show more positive developments," Donmez added.
The two-day IFS'19 is being held under the theme of Financial Metamorphosis and Back to the Future on Oct. 9-10 in Swissotel the Bosphorus in Istanbul's Besiktas district.
Within the scope of the event, several officials, economists, businesspeople, bankers and academics will give speeches in 19 sessions on several issues ranging from financial technologies, electronic trade to defense industries.
Last year, the summit hosted nearly 800 participants and 41 speakers from 23 countries. -



        Latest News
China Decisive In Fight Against Fatal Virus: WHO 14 minutes ago...
Country is battling fatal coronavirus outbreak that has killed 106, affected more than 4,500 people.
Turkish Opposition Party Calls For Unity After Quake 29 minutes ago...
Spirit of unity, solidarity should be made prominent following deadly earthquake, says Good Party leader.
Brent Oil Posts Losses With Rising Coronavirus Deaths -1 minutes ago...
Benchmark hits lowest level in nearly four months.
1St Billion Cubic Meters Of Gas Supplied Via Turkstream -1 minutes ago...
Turkish gas market receives 54% of one billion cubic meters of supplied gas.
Pakistan: Cylinder Blasts At Perfume Factory Kills 12 -1 minutes ago...
Most of deaths caused by roof collapse following explosions, officials say.

 
      Top News
Catalan President Set To Lose Regional Parliament Seat Catalan President Set To Lose Regional Parliament Seat
Libya's Haftar Unconcerned About Peace: Turkey Libya's Haftar Unconcerned About Peace: Turkey
US Air Force Plane Goes Down In Afghanistan US Air Force Plane Goes Down In Afghanistan
Turkey Urges Citizens Not To Travel Hubei, China Turkey Urges Citizens Not To Travel Hubei, China
Lebanon: Security Forces, Protesters Clash In Capital Lebanon: Security Forces, Protesters Clash In Capital
Death Toll From Earthquake In Turkey Rises To 38 Death Toll From Earthquake In Turkey Rises To 38
Indian Embassy In Ankara Celebrates 71St Republic Day Indian Embassy In Ankara Celebrates 71St Republic Day
Car Bombing In Syria Kills 5, Injures 15 Car Bombing In Syria Kills 5, Injures 15
Uzbekistan's Mps To Garner Support For Mirziyoyev's Reelection Uzbekistan's Mps To Garner Support For Mirziyoyev's Reelection
Death Toll From Turkey's Earthquake Rises To 35 Death Toll From Turkey's Earthquake Rises To 35