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Friday, May 27, 2011

Turkish exploration body locates coal reserves

Friday, 27 May 2011

Turkey's mining exploration institute has recently located 2.8 billion tons of coal reserves in multiple areas. The institute is currently planning the privatization of these reserves for the construction of coal-fired power plants.

The fields will be opened to investors after detailed feasibility studies are conducted to determine potential environmental impacts and to measure the business aspects of the investments. The General Directorate of Mineral Research and Exploration, or MTA, is planning the privatization of recently located coal reserves in Turkey for the construction of coal-fired power plants. The total amount of the coal reserves is reported to be 2.8 billion tons.

According to information received by the Anatolia news agency, the Energy Ministry and Electric Generation Inc or EÜAŞ, has started feasibility studies to find the most appropriate investment method to channel the newly located coal reserves into the electricity generation sector.

Data from the MTA showed that 1.8 billion tons of the new coal reserves are in Karapınar, a district of the Central Anatolian province of Konya; 515 million tons are in the Afşin-Elbistan region of the southeastern province of Kahramanmaraş; and 498 million tons are in the Çerkezköy district of the Thracian province of Tekirdağ. According to MTA, 2.6 billion tons of the total reserves are of exploitable quality. The installation capacities of the potential power plants are 5,000 megawatts in the Konya region and around 1,000 megawatts in the other two.

On average, 1 megawatt of power can supply electricity to as many as 300 households per year. The institution is planning to open the fields to investors after detailed feasibility studies are conducted to determine the potential environmental impacts and to measure the business aspects of the investments. The Energy Ministry and EÜAŞ are considering three chief investment models to offer investors for the coal-fired power plant projects.

Ministry and EÜAŞ officials came together with private sector representatives last week. Energy Minister Taner Yıldız chaired the meeting, in which the private sector was informed about the newly located coal fields and the potential power plant investments on these fields and their opinions were solicited by the state authorities.

According to information received by Anatolia, the private sector representatives requested more incentives for such investments, particularly ministry assistance in acquiring Environmental Impact Assessment reports from the Environment and Forest Ministry, something they said was the hardest part of their operations. Some private sector representatives asked for a purchase guarantee from the government authorities.

(sourced Hurriyet Daily News)

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