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Turkey’s $5 Billion Smart-Grid Plan Seen Boosting Ties With U.S.

Turkey will spend $5 billion on smart power grids by 2015 to boost network efficiency, allowing North American companies to expand, the U.S. government said.

The U.S. sees “substantial opportunities for closer cooperation between the Turkish government and energy companies and U.S. companies that provide smart-grid technologies,” according to a statement from the consulate in Istanbul, which will hold a conference in the city tomorrow on grid investments.