According to the company’s Chief Executive, Turkey's Sabanci Holding cement business expects its sales to rise 10-15% this year after posting a 16% increase to 2.5 billion lira (US$980 million) in 2014.
Sabanci's cement arm is also looking for acquisition opportunities and could borrow up to US$1.5 billion to fund an acquisition, Hakan Gurdal said in an interview.
The 600 MW unit one at Turkish steelmaker, Icdas’ Bekirli coal-fired power plant will not return to service until the end of March or beginning of April
A coal mine in Turkey has flooded with water, trapping 18 miners underground.
The Turkish minister of energy has confirmed the country is in talks with China over a possible investment in the Afsin-Elbistan coalfield and power plant project.
In 2013, Turkey’s imports of thermal coal fell by 12% on 2012 levels.