5/31/2018
Tekfen İnşaat Signed Strategic Cooperation Agreement in Azerbaijan
Tekfen İnşaat has signed a letter of intention with Azerbaijan Ministry of Energy on "Strategic Cooperation in Terms of Developing Renewable Energy Projects."
Tekfen İnşaat Director General Levent Kafkaslı has come together with Azerbaijan Deputy Minister of Energy Samir Veliyev at 25. Caspian Oil & Gas Fair. In the meeting, a letter of intention was signed within the context of strategic cooperation for developing Renewable Energy Projects. In the announcement, it is noted, “Tekfen İnşaat, which completed large number of projects of advance technology like oil and gas industry facilities, stadium and high buildings in Azerbaijan where active since 1996, continues to be a reliable solution partners of employers in the country which enhances its strategic importance and economic power in Caspian Sea region more every passing day. Tekfen İnşaat has realized large number of projects in the field of oil and gas until today, namely BTC Crude Oil Pipeline, within the coverage of Shahdeniz Phase 1 and Phase 2, pipeline, oil and natural gas terminals and sea platforms. Tekfen İnşaat will now continue to render services in the country in terms of Development of Alternative and Renewable Energy Fields within the coverage of Azerbaijan's 2025 Strategic Road Map." One of the concrete steps of Tekfen İnşaat, which prioritized strategically proliferation of portfolio capacity in this respect, will be to play more active role in renewable energy field. For this reason, this signature taken by Azerbaijan Ministry of Energy on May 29, 2018 is noted to have great importance. Tekfen İnşaat Director General Kafkaslı In the signing ceremony, Tekfen İnşaat Director General Levent Kafkaslı has commented on letter of intention, "We contribute to economic development of Azerbaijan with which we are engaged in since 1996. We plan to expand our regional cooperations by including renewable energy projects as well. Azerbaijan’s intention to make investments in the field of renewable energy within the context of a sustainable future as a energy sources rich country, is an immense opportunity for Tekfen İnşaat which plans to have a breakthrough in this respect, for finding potential investment possibilities and carrying our feasibility studies jointly.
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