US firms seek airline and energy partners

ANKARA - Radikal

The US based energy giants are scheduled to visit Turkey next month.

Large energy companies operating in the United States will hunt for Turkish partners in Istanbul, Ankara and İzmir between Dec. 5 and 9, according to Michael Lally, the U.S. Embassy’s Trade Counselor in Ankara.

Representatives of 17 U.S. companies, including firms whose operations volume touch $10 billion as well as smaller ones, will come to Turkey to seek for partners mainly in the renewable energy sector, according to Lally.

Moreover, U.S. firms will seek synergies with Turkish companies to invest in countries in the region.

Representatives of the U.S. Exim Bank will also be present in the U.S. delegation, aiming to offer financial models for possible joint ventures between companies of both countries. Other insurance and financial institutions will also join, he added.

“Next year, two more business delegations will come to Turkey to look for partnerships in the education and airlines sector,” Lally told Radikal in a recent interview.

US companies to join delegation

The energy companies that will join the U.S. delegation include: Abound Solar; AES Energy; Comsuztin Associates; Clipper Wind; Dow; Energy Xtreme; First Solar; General Electric; IngersollRand; Johnson Controls; Ko-Tech; KVAR; Megtec; OSIsoft; Solar Reserve; Sun Edison; World Business Capital; and Overseas Private Investment Corporation, which provides financial and political risk insurance.

The U.S. Department of Energy, which supports the “Zero Emissions Project” in İzmir’s Organized Industrial Region, U.S. Eximbank, the U.S. Trade and Development Agency, which provides grants for renewable energy feasibility works, as well as the U.S. Renewable Energy and Energy Productivity, which is the trade delegation organizer, will also participate in the meetings.