In January 2013, the company and Electricity Generation Company of Turkey agreed on a $12bn project that involves the construction of power stations using Afsin-Elbistan coal reserves in Turkey.

Earlier, the project was set to commence in mid-2013.

In December 2012, Turkey’s Energy Minister Taner Yildiz said that investment in the project to increase power output to 7,000MW may total $12bn.

According to Yildiz, the Afsin-Elbistan region holds about 40% of the country’s lignite and could provide up to 8,000MW of power production capacity in southeast Turkey, if the coal potential is fully exploited.