China's stillborn coal investment in Turkey!

The report "Feasibility of Coal in the Age of Renewable Energy: Hunutlu Thermal Power Plant Case" jointly prepared by WWF Turkey and SEFiA, reveals that the Hunutlu coal-fired power plant will not actually bring profit.

According to the report, even with an optimistic calculation using the lowest possible investment costs and the highest possible income scenario, the Hunutlu coal-fired power plant will only break even 26 years after becoming operational. When the construction period is added to the calculation, break even period extends to 30 years.

This report clearly demonstrates that the plant is a non-profitable investment for is investors and financiers.

The Project had already been granted VAT exemption over a fixed investment amount of TL 3.5 billion and customs tariff exemption on machinery equipment imports of US$ 768 million.

But, why insist on constructing this coal power plant, if it is unprofitable?

We demand that this power plant project which pollutes our air, harms our nature and is economically unfeasible to be halted immediately!