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News Oyak Cement receives funding for solar and WHR facilities

Oyak Cement receives funding for solar and WHR facilities

Written by Global Cement staff 17 April 2025
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Türkiye: TSKB (Industrial Development Bank of Türkiye) has signed a €75m investment loan agreement with Oyak Cement to fund renewable energy and waste heat recovery (WHR) projects. The funding will support the construction of a 115MW solar power plant in Beypazarı, Ankara, and waste heat recovery facilities at the Ankara, Adana and Mardin cement plants.

Oyak Cement general manager Murat Sela said “We have accelerated our investments for the Beypazarı solar power plant, as well as the WHR facility investments with a total installed capacity of 13.5 MW at our Adana, Ankara and Mardin plants. We expect these investments to help generate 237,000MW/yr of energy, while increasing the total renewable energy utilisation rate at our plants from 9% to 30%.”

Last modified on 23 April 2025
Published in Global Cement News
Tagged under
  • Türkiye
  • OYAK
  • funding
  • Loan
  • bank
  • agreement
  • renewable energy
  • Waste Heat Recovery
  • WHR
  • Solar power
  • Asia
  • GCW706
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