Loans   Speeches   General

10/7/2016

Important Disclosures Made by Islamic Development Bank’s (IDB) Turkey Director Jelassi

“We plan to give considerable support to investments in energy in Turkey in the next 10 years. We will support the investors regarding the solar power project that will be realized at Konya-Karapınar.”

Islamic Development Bank’s (IDB) Turkey Director Salah Jelassi noting that the energy sector in Turkey has an important place among priorities of the Islamic Development Bank in Turkey, made important disclosures.

Jelassi stating that the bank has provided resources amounting to $ 540 million for the energy sector in the last two years and has contributed to the realization of an investment of over $ 2 billion, said that a major part of loans provided is used for renewable energy and the enhancement of energy efficiency in the industry. Jelassi said that an installed power of 600 MW has been put into operation in Turkey as a result of these investments also contributing to Turkey’s energy imports.

Jelassi vocalizing that they are well aware of the increasing need for infrastructure investments in Turkey in the fields of power generation, transmission and distribution besides natural gas storage facilities, said “We plan to give considerable support to investments in energy in Turkey in the next 10 years by means of projects accepted by the bank based on demand at high levels. The field of renewable energy in line with the targets set by Turkey will continue to be one of the basic areas which we will provide support. On the other hand, our financing capabilities are of course not limited to renewable energy. We are also focusing on the production of clean energy, energy storage and electricity and natural gas storage systems.”

“We will support the investors at Konya-Karapınar”

Jelassi stating that national production of energy equipment which will be used in these investments are of utmost importance in reducing import costs and in creating new job opportunities, made the following statement:

“For this reason, I think that it is of importance that Turkey provides the production of equipment in a wide scale to be used in solar and wind power projects. I also have the opinion that this will also enhance the macro-economic indicators of Turkey and will bring forth sustainable advantages. In line with my rationale, we will support the investors regarding the solar power project that will be realized at Konya-Karapınar. Because, the development of the capacity of national production is also being targeted in relation with the equipment and technology to be employed in the project in question.”