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.