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Company News

  • 23/11/2012
    The Energy Investment Company Launched a New Product - BKO (25-100) Lump Brown Coal
  • 29/10/2012
    The Energy Investment Company Opened a New Iskrenne Railway Station of the Odesa Railway for Brown Coal Transport Operations
  • 25/10/2012
    The Energy Investment Company Has Complete Overburden Works at the Brown Coal Deposit
  • 26/09/2012
    The Energy Investment Company Took Part in the Energy in Industry 2012 Exhibition




Turkey is Planning to Substitute Russian And Iranian Gas With Its Own Brown Coal

Turkey plans to substitute expensive Russian and Iranian gas with domestically produced brown coal. Turkey has signed a$12 billion agreement with the TAQA UAE that foresees lignite mining and construction of new power plants with a total capacity of up to 8 MW till 2020. 
Imported gas a around 70% of energy needs of Turkey. The main supplier is the Russian Gazprom Company. However, the largets concerns deal with Iranian gas, since Iran faced international sanctions for deployment of its nuclear program. In addition, Iranian and Azerbaijani pipelines get regularly attacked by Kurdish separatists. 
Iran provides 16% of Turkey's needs for gas, while Azerbaijan accounts for 15% of Turkish gas consumption.