Turkish Akkok Group, owner of Turkish energy firm Akenerji Elektrik Uretim AS (AKENR.IS), may invest between $500 million and $1 billion in energy projects, Turkish business daily Dunya quoted Chief Executive Mehmet Ali Berkman as saying Monday, the Ihlas News Agency, or IHA, reported.
"We have a big natural-gas fired plant project," he said without giving further details.
He said the company is continuing its investments in eight hydroelectric power plants and one windpower plant. He also added that the company isn't expecting to grow in fields except energy, this year.
Except energy, Akkok has operations in sectors including chemical, textile and real estate.
Berkman said Akkok merged its textile units, Aksu Iplik and Ak-Al Tekstil to cut costs and increase productivity.