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Daily Sabah (7 November 2019)

Anadolu Agency

Iraq poses a new market for Turkey with potential initial exports ranging between 200 and 400 megawatts (MW) in 2020, the head of Turkish Energy Traders Association (ETD) said.

However, the country has the potential to export up to 2,000 MW providing $1 billion in foreign currency inflow to Turkey, ETD head Burak Kuyan told Anadolu Agency (AA) on Thursday.

Turkey's Energy and Natural Resources Minister Fatih Dönmez announced in August that Turkey and Iraq agreed to start electricity trade as soon as Iraq makes the necessary updates to its infrastructure.

Kuyan advised that Turkey diversify its electricity export countries to reduce Turkey's electricity oversupply.

Turkey's installed electricity capacity surpassed 90,000 MW by the end of October 2019.

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