ANKARA (Turkey), July 23 (SeeNews) - Turkish industrial conglomerate Hattat Holding said it has contracted China Coal Construction to mine coal in Turkey's northwestern Black Sea region.
Hattat Holding will use the coal as fuel at its planned 2,640 megawatt power plant in the region, the Turkish company said in a statement on its website.
Under the agreement, signed on June 21, the coal mining operations will be carried out using equipment supplied from Europe and China.
Annual coal production is initially estimated at 5.0 million tonnes and should gradually increase to 10 million tonnes.
The coal mining project, in which Hattat Holding has so far invested $310 million (235 million euro), is planned to be completed in ten years at a total cost of $700 million.
($ = 0.758 euro)