Turkish iron and steel producer Icdas plans to invest $2.5 billion in energy in a move to increase its capacity, Turkish daily Hurriyet reports Wednesday, while the company expects global steel demand to pick up starting in September.
Turkish iron and steel producer Icdas plans to invest $2.5 billion in
energy in a move to increase its capacity, Turkish daily Hurriyet reports
Wednesday, while the company expects global steel demand to pick up starting in
September.
Icdas is about to inaugurate a 1,200-megawatt thermal power plant, which will
increase the company's electricity production capacity to 1,605 megawatts.
"Last year we took the first steps in an energy investment totaling $2.5
billion," general manager Bulend Engin said. "The two phases of the
investment will be realized in 2011 and 2012."
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