New York, NY- TurkPower Corporation (OTCBB: TRKP) (the "Company") announced that is has signed a consulting and sell mandate with the owner of a lignite fired thermal power plant project, to consult in the development, construction and financing of its 500MW capacity lignite thermal power plant ("TPP") project in Konya, Turkey. The TPP project comes including a lignite mine which is dedicated exclusively as the fuel source for the project. The economical lignite reserves are calculated to be 152,000,000 million metric tons and can supply the TPP for up to 42 years; life cycle of the TPP is 30 years. The mine shows an average lignite thickness of 12 meters and the licensed mining area is 1,852 acres and the license is valid for 42 years. Site exploration studies for a bankable mining plan were conducted by North American Coal Corporation. Total investment necessary to fund the project is approximately $1.26 billion, of which 30% is to be in the form of equity.
Calgary, Canada- Valeura Energy Inc. (TSXV:VLE) says it has bought an interest in the Edirne exploration licence in Turkey's main natural gas producing region for $3.1 million, expanding its presence in the country. The Calgary-based company says it will own a 35 per cent interest in the licence, which covers land in the Thrace Basin, the main natural gas producing region of Turkey. It bought the stake from Edirne Enerji Petrol Arama Uretim Ve Ticaret Limited Sirketi, a wholly-owned affiliate of Australia's Otto Energy Ltd. The deal is expected to close around Dec. 22. 
State Oil Co. of Azerbaijan Republic (SOCAR) and TURCAS Rafineri AS (STRAS) has awarded Fluor Corp. a project management consultancy for a refinery to be built in Aliaga, Turkey. TURCAS is a joint venture of SOCAR and Petrol AS. The planned refinery will be integrated into the Petkim petrochemicals complex on the Aegean coast. 
Groupe Cheque Dejeuner has said it purchased Turkish meal ticket provider Multinet from businessman Hayyam Garipoğlu. The transaction, announced at a press conference in Istanbul, is worth $90 million. Cheque Dejeuner ranks among the top three meal card providers in the world, alongside Sodexho and Edenred. Multinet, which was seized by the Savings Deposit and Insurance Fund, or SDIF, in July last year, was handed back to original owner Garipoğlu in accordance with a protocol dated April 9 of this year, the Daily News has learned. 
US power producer AES Corporation has entered into an agreement with Koc Holding to form a joint venture to develop and operate power generation projects in Turkey. Under the deal, AES will buy almost 50% interest in Turkish utility Entek Elektrik Uretimi from Koc unit Aygaz. 
Hong Kong based trade fair organizer United Business Media (UBM) announced that it has agreed to acquire a 65% stake in Rotaforte International Trade Fairs & Media, the owner of the Istanbul Jewelry Show. Financial terms of the deal were not disclosed. The announcement follows UBM’s pending $289 million acquisition of Canon Communications in the U.S. 
Crown Holdings, Inc. (NYSE: CCK), a leading supplier of metal packaging products worldwide, announced today a major expansion of its beverage can production capacity in Turkey. The investment plan includes increasing capacity at the Company's existing two-line facility in Izmit, near Istanbul, and the construction of a new manufacturing plant in the Osmaniye region, in south-central Turkey. 
İstanbul, Turkey - September 29, 2010 - İstanbul Bilgi University will host a speech by President Bill Clinton, the honorary chancellor of Laureate International Universities, on October 2, 2010. President Clinton will speak to 500 guests, including Bilgi students, alumni and faculty as well as Turkey’s leaders in education, government and business. 
A large group of American politicians and chamber presidents is to visit several major Turkish cities between September 19-26 Turkish – American Chamber of Commerce and Industry (TACCI) is joining its peers in Turkey and co-organizing series of events with the initial leadership of Turkish – American Businessmen Association (TABA/AmCham). More than 40 business leaders and politicians will be exclusively traveling from different parts of USA to attend this trip, including TACCI President Celal Secilmis. The trip will take place between September 19 - 26. 
The European Commission selection committee declared on April 11, 2006 that Istanbul, along with Hungary’s Pecs and Germany’s Essen, were chosen as the 2010 European Capitals of Culture. On November, 2006, with the approval of the European Parliament and European Union Commission of Culture Ministers, the awarding of the title of 2010 European Capital of Culture to Istanbul was announced. The President of the Agency for Istanbul European Capital of Culture 2010, Sekib Avdagic, answered TURKOFAMERICA’s questions: 
By Murat Yalçıntaş- As the President of the Istanbul Chamber of Commerce, one of the most important organizations representing the Turkish business community, I feel great happiness to address you once again in this issue of the magazine TURKOFAMERICA. On these pages, I will try to cover the options to increase the possibility f cooperation between our countries. The visit President Obama paid to Turkey within his first months of taking office was a turning point in the relations between Turkey and the United States. 
