Tuesday, January 18, 2011

Authority begins privatization of Turkish power plants

The plants to be privatized fall into nine portfolio groups, says Ahmet Aksu, head of the privatization authority. Hürriyet photo

The plants to be privatized fall into nine portfolio groups, says Ahmet Aksu, head of the privatization authority. Hürriyet photo
Turkish authorities plan to immediately begin the privatization of a number of coal and gas power plants possessing a total capacity of 16,000 MW, the head of the privatization authority said Sunday.
Ahmet Aksu said the first phase of the privatization process covered four coal and natural gas-burning power plants owned by EUAŞ, a state-run electricity generation company.
Four plants, namely Hamitabat (1,120 MW), Soma A-B (1,034 MW), Can (320 MW) and Seyitömer (600 MW), were earlier reported to be privatized separately from the portfolio groups.
"Then we will privatize nine portfolio groups," Aksu said.
On average, one MW of power can supply electricity to as many as 300 households per year.
The first coal plant to be privatized will be Hamitabat, for which the privatization administration plans to open a tender in the coming days, Aksu said. "We will privatize Hamitabat by selling shares.”
Hydroelectric plants will be privatized by the transfer of operational rights while fuel-burning power plants will be privatized by the transfer of property rights.
Aksu said the authority was also considering a public offering for some plants.

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