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Zorlu Enerji of Turkey Considers Power Plants in Iran

  • Company plans to invest ‘sizable amount’ in Iran, Yungul says
  • Zorlu Holding may seek minority investor for Zorlu Enerji
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Turkish electricity producer Zorlu Enerji may build gas-fired power plants in Iran as Turkey’s eastern neighbor seeks to attract investors after decades of economic sanctions.

The company is in talks with Iranian authorities for the project and a concrete plan may be announced this year, said Omer Yungul, chief executive officer of Zorlu Holding, which owns the Istanbul-based company formally known as Zorlu Enerji Elektrik Uretim AS.