Electrical Machinery Brief overview of the electrical machinery market in Turkey. Covers through 1998. Foreign and domestic private sector participants will implement most of this investment. American, European, and Japanese firms are pursuing natural gas, lignite coal, and imported coal fired power plant projects following a BO or BOT model.
Renewable energy is another attractive area in Turkey.
Turkey s current 11,000 MW of hydropower and other renewable electric energy generation capacity is expected to grow to 25,000 MW in 2010 and reach 30,000 MW by 2020. American investments in Turkey, with the financing support of U.S. Exim Bank and OPIC, continue. Others are in the contract negotiation stage. These three projects will generate approximately USD 1.5 billion in U.S. exports. The GOT is expected to pass a new Electricity Market Law, as proposed by the World Bank, by year-end 2000.