Support to Energy Investing Companies from TAFF

Support to Energy Investing Companies from TAFF 28 August, 2020

Turkish Armed Forces Foundation (TAFF)supports its subsidiary ASPİLSAN energy and İŞBRİ to accelerate its investments to Turkey in order to gain new abilities.

Turkey's first generator factory, İŞBİR is continuing its activities in the production of generators and alternators.  It is investing to ensure sustainable growth. ISBİR 182 million TL. worth investment and  TAFF has allocated 76 million TL of resources to be used in the investment.

Civil and military aircraft battery manufacturer ASPİLSAN, which was established with donations to meet the military battery needs, accelerated its R&D investments in the field of energy storage. Ankara, Istanbul and Kayseri in three new R&D centre, the company has made the planning investment in order to earn the first lithium-ion battery production facility in Turkey in this direction, and a few days ago signed the construction works main contractor contract factories. TAFF supported ASPİLSAN's planned investment of 186 million TL with a resource transfer of 109 million TL.

With the lithium-ion battery cell production capability to be gained with the factory, which is expected to be operational in 2021, it will provide solutions to the increasing energy storage need with domestic resources.

Support to Energy Investing Companies from TAFF

Issue 86