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Turkish Energy Minister Alparslan Bayraktar said Turkey is targeting a 36% electrification rate by 2040 as it seeks to curb an annual energy import bill of up to $100 billion. Speaking to BTV on the sidelines of COP31 on Tuesday, he said scaling up renewables and nuclear power, alongside multilateral financing, will be critical to narrowing current account deficit and strengthening energy independence. (Source: Bloomberg)
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