Zorlu Energy

Energy
Turkey

Zorlu Holding's "CEO Ömer Yüngül explained that the company will invest energy in the region [Iran]. Zorlu's investment was an energy of 5,000 MW. "

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"Turkish electricity producer Zorlu Enerji may build gas-fired power plants in Iran as Turkey’s eastern neighbor is seeking to attract investors after decades of economic sanctions. The company is in talks with Iranian authorities for the project and a concrete plan may be announced this year, said Omer Yungul, chief executive officer of Zorlu Holding that owns the Istanbul-based company, formally known as Zorlu Enerji Elektrik Uretim AS. Zorlu Enerji ... plans to invest “a sizable amount” in Iran, Yungul said in an interview in Istanbul. The total capacity of the power plants may be similar to plans by Unit International, owned by Turkish investor Unal Aysal, to build power plants costing $4.2 billion in Iran, he said." (Bloomberg, "Turkey's Zorlu Enerji Considers Building Power Plants in Iran," 9/6/2016).