Turkey, Azerbaijan:

Turkey and Azerbaijan to Cooperate on Developing Geothermal Resources (Daily Sabah)

Istanbul-based Turcas Petrol aims to start producing electricity from geothermal energy in 2017 as part of the company's joint long-term transformation strategy with Azerbaijan's Azalternativenerji to invest in renewable energy both in Turkey and Azerbaijan, Turcas Petrol CEO Batu Aksoy said.

A recent statement released by Turcas Petrol through the Public Disclosure Platform (KAP) on July 21 said the company signed a good-will agreement with Azalternativenerji, which operates within the body of Azerbaijan's State Agency on Alternative and Renewable Energy Sources (SAARES), with the objective of cooperating and developing joint projects to invest in power plants that are based on solar and wind energy and geothermal resources in Turkey and Azerbaijan.

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