BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.35 Increased By ▲ 0.03 (0.47%)
BECO 4.39 Increased By ▲ 0.12 (2.81%)
BML 62.50 Increased By ▲ 0.05 (0.08%)
BOP 31.47 Increased By ▲ 0.24 (0.77%)
CNERGY 11.70 Increased By ▲ 0.11 (0.95%)
CSIL 5.92 Increased By ▲ 0.20 (3.5%)
FCCL 61.60 Increased By ▲ 0.06 (0.1%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.23 No Change ▼ 0.00 (0%)
KEL 6.33 Increased By ▲ 0.07 (1.12%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.79 Increased By ▲ 0.11 (0.45%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.05 Decreased By ▼ -2.23 (-1.27%)
NCPL 51.85 Decreased By ▼ -0.92 (-1.74%)
NPL 54.19 Increased By ▲ 0.07 (0.13%)
OGDC 315.50 Increased By ▲ 2.11 (0.67%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.51 Decreased By ▼ -0.29 (-0.81%)
PIBTL 13.65 Increased By ▲ 0.18 (1.34%)
PPL 226.60 Increased By ▲ 4.79 (2.16%)
PRL 80.30 Increased By ▲ 1.22 (1.54%)
PTC 46.89 Increased By ▲ 0.04 (0.09%)
SSGC 23.90 Increased By ▲ 0.03 (0.13%)
TBL 9.30 Decreased By ▼ -0.01 (-0.11%)
TELE 7.65 Increased By ▲ 0.26 (3.52%)
TPL 24.51 Decreased By ▼ -0.60 (-2.39%)
TPLP 13.04 Increased By ▲ 0.53 (4.24%)
TREET 26.05 Decreased By ▼ -0.20 (-0.76%)
TRG 53.38 Decreased By ▼ -0.06 (-0.11%)
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