Turk­ish rates.

Kathimerini English - - Focus -

ation of an in­no­va­tive power pro­duc­tion unit with a ca­pac­ity of 20 megawatts. This will in­clude a ma­jor in­stal­la­tion for the stor­age of en­ergy in bat­ter­ies that will of­fer fast fre­quency re­sponse ser­vices for the UK mar­ket. This builds on the ex­pe­ri­ence METKA EGN has gained through the suc­cess­ful im­ple­men­ta­tion of the Ori­ana pro­ject in Puerto Rico for Sonnedix, rep­re­sent­ing one of the world’s largest so­lar PV power plants with bat­tery stor­age in­te­gra­tion. The value of the con­tract ex­ceeds 60 mil­lion eu­ros. METKA EGN also signed con­tracts for other projects, the ma­jor­ity of which con­cern so­lar pho­to­voltaic power plants in the UK; six of them are with Light­source and Cana­dian So­lar, both ex­ist­ing clients. Agency re­ported yes­ter­day. Ac­cord­ing to an an­nounce­ment quoted by ANAMPA, the com­pany’s sales rose to 15.2 mil­lion eu­ros last year from 13.4 mil­lion eu­ros in 2015, with the big­gest in­creases seen in Dior’s sig­na­ture per­fumes (21.4 per­cent), creams (11.6 per­cent) and cos­met­ics (5.8 per­cent).

Tur­key’s cen­tral bank pushed up the cost of bor­row­ing but left its main in­ter­est rate on hold yes­ter­day, dis­ap­point­ing in­vestors who had hoped for a sig­nif­i­cant rate hike to sup­port the lira and ease con­cerns about the bank’s in­de­pen­dence. The bank hiked its overnight lend­ing rate by 75 ba­sis points to 9.25 per­cent and the rate at its late liq­uid­ity win­dow to 11 per­cent from 10, lift­ing bor­row­ing costs at the two main chan­nels through which it has funded the mar­ket in re­cent weeks.

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