Bloomberg cited Mr Veysel Eroglu Environment Minister of Turkey as saying that the country will build hydropower stations with a combined capacity of 16,500 megawatts within the next five years.

Mr Eroglu added that the generators will be built by non government companies at a total cost of about USD 25 billion and will play a key role in ensuring Turkey's energy security.

Mr Kemal Unakitan Finance Minister of Turkey said that the government is determined to remove obstacles to investment by local and international companies in Turkey's energy industry.