THE FIRST BIG CHINESE INVESTMENT TO IZMIR IS ON THE WAY

China will make  its first big investment to Kınık district of Izmir. Chinese company Zhejiang Energy Group and Polat Madencilik will carry out coal mining operation and thermal power station project with 1 million dollars budget.

THE APPLICATION FOR POWER STATION HAS BEEN MADE TO ENERY MARKET REGULATORY AUTHORITY (EMRA)

Polat Madencilik signed a partnership protocol with Chinese energy company Zhejiang Energy Group for 1 million dolar worth coal mine operation and thermal power station. Thus, China signed for the first direct investment in Turkey. Initially, 3 million tone capacity of coal mine will be established in the scope of this two stage investment. Then, the thermal power station’s units will be built. The license application for power station has been made to Energy Market Regulatory Authority.

In the first stage of the Project, two thousand people and then it will reach to three thousand people employment for the project. The investment project will be completed in 5 years.