S Korean company interested in Turkish energy


South Korea-based construction company SK E&C General Manager Jason Jaehyun Ahn said that the company is aspiring to take part in projects that will make Turkey an energy trade hub: "We are looking for investment opportunities as we believe in the potential of the Turkish economy."

Speaking to Anadolu Agency (AA) on the Turkish energy market and the investment climate in Turkey, Ahn stated that SK E&C is among the joint venture group companies that is undertaking construction of the Çanakkale 1915 Bridge. He added: "Turkey has been continuing its infrastructure works since the middle of 2000. In addition, Turkey's geopolitical position, investment incentives, population structure and facilitating policies are still attracting foreign investors. Turkey is certainly an investable market, and we are ready to invest more here."

Underlining that SK E&C does not distribute its international investment budget by country, Ahn stated that there are projects that they prioritize in terms of budget distribution. Also, investment plans vary by criteria such as the feasibility or infeasibility of projects. "We think that Turkey has many profitable and feasible projects," he said. Indicating that they are planning to actively participate in Turkey's renewable energy projects, Ahn noted that they are no strangers to the Turkish energy market. Referring to their previous involvement in the construction of the Tufanbeyli Thermal Power Plant, Ahn said they are looking for investment opportunities and relying on their belief in the potential of the Turkish economy.

According to Ahn, his company will participate in the Turkish energy market, especially natural gas-based power plants, in the near future. Meanwhile, SK E&C has partnered with Unit International Enerji, a Turkish energy company with investments in the Iranian energy market, purchasing 30 percent of the company last week.