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Financing base for renewable power from miners

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İZMİR (İGFA) – Turkish Exporters Assembly Mining Branch Council Leader and Istanbul Mining Exporters Association Leader Rüstem Çetinkaya, who held a press conference at the Aegean Exporters’ Association, said that the three most valuable inputs of the mining sector are fuel, electricity and personnel costs, and renewable energy is used as a branch to reduce power costs. he noted that they are focusing on power investments.

Underlining that mining companies with investments all over Turkey want to invest in renewable power, Çetinkaya said, “The last electricity and natural gas increases were expected, there were different evaluations about their rates. The increases did not come as a surprise. It is obvious that the increase in the dollar will be reflected in the power costs. It needs a sufficient industry of its own. In this context, cheap financing should be provided for renewable power. When necessary, project-based very low interest, even interest-free financing models should be developed.”

Expressing that they expect the positive developments in political relevance in the middle of Turkey and Saudi Arabia to reflect positively on the number of exports, Çetinkaya emphasized that they have reached the level of 150 million dollars in natural stone exports to Saudi Arabia in the past years , and that they hope that natural stone exports to Saudi Arabia will reach these levels in the coming period. .

Ercan Akın, Member of the Board of Directors of the Western Mediterranean Exporters Union, who shared the information that many companies in the mining branch turned to renewable power investments with the prediction that power costs would increase after the Russia-Ukraine war, drew attention to the fact that the branch was stuck in the license bureaucracy in this process.

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