On December 28, Turkish longs producer Karabuk Demir Celik Fabrikasi (Kardemir) announced that it has reached an agreement with Development Bank of Turkey for twelve year outsourced credit line worth $41 million, which will be used in financing a 50 MW power plant for power efficiency purposes.
Speaking at the signing ceremony of the credit agreement Development Bank of Turkey's chairman and general manager Abdullah Celik said that the new power plant will generate 50 megawatts of power using the plant's gas emissions and thus, it will enable the production of power used in the plant internally.