Saudi Arabia-based power and water project developer (ACWA) Power will build a 340MW wind power plant in Turkey, Hurriyet Daily News reported.

ACWA is currently building a 950MW gas power plant near the capital Ankara, due to be operational in the second quarter of 2017. The company is a new entrant to the burgeoning Turkish electricity market, where demand is growing up to 5% annually, according to Reuters. Turkey regularly allocates renewable power investment licences but companies are usually awarded less than they ask for because investment demand outstrips government quotas.

In related Riyadh-Ankara power news, Egypt Oil&Gas reported that Saudi oil giant Aramco had signed memoranda of understanding (MoU) with 18 Turkish firms in different sectors such as construction, power generation and related services. These agreements enable the Turkish organizations to bid for Aramco’s projects in the years ahead.