Turkish Anel Enerji, Austria’s Kioto Sign Accord for Solar Unit

Anel Elektrik Proje Taahhut & Ticaret AS and Anel Telekomunikasyon Elektronik Sistemleri Sanayi & Ticaret AS (ANELT) said their unit signed a final agreement with Austria’s Kioto Photovoltaics GmbH to make solar panels in Turkey.

The group’s energy unit Anel Enerji Elektrik Uretim Sanayi & Ticaret AS and Kioto will have equal stakes in the joint company which will be set up, Anel companies said in statements to the Istanbul Stock Exchange after the close yesterday.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net

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