Turkey's public investment fund allocated for energy and mining sectors increased by 7 percent to 6.7 billion Turkish liras in 2017 compared to last year, in accordance with Turkey's 2017 Investment Program.
Under the 2017 Investment Program, the Turkish government will provide 4.9 billion liras for 145 energy projects and 1.8 billion liras for 53 mining projects.
Turkish Electricity Transmission Company will receive the biggest share within the energy sector. The government allocated a total of 2.7 million liras in funding to the company for 91 projects for 2017.
The General Directorate of the State's hydraulic works was in receipt of the second biggest allotment of funding with 1.6 billion liras for 14 projects.
This share for hydraulic works was followed by the Electricity Generation Company in which the government allocated 400 million liras for the company's 10 projects.
For the mining sector, the government allocated the highest funding amount to the Turkish Petroleum Company. This year, 770 million liras of investment fund will cover the company's 10 projects.
The second highest amount of 450.7 million liras in funding will be assigned to the General Directorate of Mineral Research and Exploration for six projects.
The Turkish Coal Enterprise will be allotted the third biggest fund of 195 million liras for seven projects in this year's investment program.
By Dilara Zengin
Anadolu Agency
dilara.zengin@aa.com.tr