Turkish conglomerate STFA has set up an energy unit, Enerya, and plans to invest
600 million Turkish lira ($265.3 million/195.6 million euro) in the energy
sector, local media reported on Wednesday.
Enerya incorporates STFA’s
natural gas distribution unit Energaz and its subsidiaries and the
conglomerate’s energy investments, daily Hurriyet reported.
Enerya
targets 3.0 billion Turkish lira in revenue by the end of 2018, the daily quoted
STFA group CEO Mehmet Ali Neyzi as saying.