ISTANBUL - Bloomberg

Turkey will soon begin auctions for 65 sites where underground heat can be tapped to generate power or provide warm water for use by the agricultural and tourism industries, said Energy Minister Hilmi Guler told the members of the press in Ankara Monday. “The country will invite bids in late September or early October for six areas in southwestern Turkey, where geothermal power generation could reach a total of 800 million kilowatt-hours a year,” said Guler.The sales are among efforts to cut Turkey's dependence on foreign energy sources and encourage private-sector investments in the power generating industry, the minister told the press. A second wave of auctions will offer sites where the hot springs or wells can be used to heat the greenhouses, homes or spa hotels, Guler told the journalists.