 A Mehmet Kazancı and Mehmet Emin Karamehmet partnership is set to invest a total of 1.1 billion liras in both of its Istanbul grids in the next five years (AA) |
Grid owners are planning to invest up to 9 billion Turkish Liras in private electricity distribution networks over the next five years to reduce theft and increase efficiency, according to a Turkish energy regulator.
The greatest proportion of the investment is set to be made in Istanbul by MMEKA, which won the bid for grid privatizations on both sides of Istanbul with an offer of $6.7 billion, according to data provided by Turkey’s Energy Market Regulatory Authority, or EMRA.
MMEKA, a partnership between Mehmet Kazancı and Mehmet Emin Karamehmet, is set to invest a total of 1.1 billion liras in both grids over the next five years, with 662 million liras earmarked for the Boğaziçi grid on the city’s the European side and 445 million liras earmarked for the Ayedaş grid on the Asian side.
The company is slated to invest a further 445 million liras in the Gediz area, which includes networks in the western provinces of İzmir and Manisa, when the hand-over process is finalized. As a result, MMEKA is set to invest a total of 1.5 million liras in these three regions over the next five years to secure power distribution services for approximately 10 million subscribers.
On the other hand, EnerjiSA, a subsidiary of Sabancı Holding, is set to invest a total of 1.1 million liras over the next five years in Baskent Elektrik Dağıtım A.Ş’ operations in Ankara and six surrounding cities.
In total, the company has allocated a total of 573 million liras for investment in the Meram grid, which serves the intensely industrialized central Anatolian province of Konya and its surroundings, 560 million liras in the Uludağ grid, which serves the Mediterranean and Aegean regions, and 535 million liras for the Aydem grid.
The southeastern region is set to receive a significant proportion of overall investments allocated to privatized grid networks over the next five years with an aim to reduce power theft by 50 percent.
The Tigris region, including Diyarbakır, Mardin, Batman and Şırnak provinces, is slated to receive investments worth 524 million liras, the Euphrates region, including Elazığ, Bingöl, Malatya and Tunceli provinces, will receive investments worth 277 million liras, and the Lake Van distribution area will receive investments worth 136 million liras.
The greatest proportion of the investment is set to be made in Istanbul by MMEKA, which won the bid for grid privatizations on both sides of Istanbul with an offer of $6.7 billion, according to data provided by Turkey’s Energy Market Regulatory Authority, or EMRA.
MMEKA, a partnership between Mehmet Kazancı and Mehmet Emin Karamehmet, is set to invest a total of 1.1 billion liras in both grids over the next five years, with 662 million liras earmarked for the Boğaziçi grid on the city’s the European side and 445 million liras earmarked for the Ayedaş grid on the Asian side.
The company is slated to invest a further 445 million liras in the Gediz area, which includes networks in the western provinces of İzmir and Manisa, when the hand-over process is finalized. As a result, MMEKA is set to invest a total of 1.5 million liras in these three regions over the next five years to secure power distribution services for approximately 10 million subscribers.
On the other hand, EnerjiSA, a subsidiary of Sabancı Holding, is set to invest a total of 1.1 million liras over the next five years in Baskent Elektrik Dağıtım A.Ş’ operations in Ankara and six surrounding cities.
In total, the company has allocated a total of 573 million liras for investment in the Meram grid, which serves the intensely industrialized central Anatolian province of Konya and its surroundings, 560 million liras in the Uludağ grid, which serves the Mediterranean and Aegean regions, and 535 million liras for the Aydem grid.
The southeastern region is set to receive a significant proportion of overall investments allocated to privatized grid networks over the next five years with an aim to reduce power theft by 50 percent.
The Tigris region, including Diyarbakır, Mardin, Batman and Şırnak provinces, is slated to receive investments worth 524 million liras, the Euphrates region, including Elazığ, Bingöl, Malatya and Tunceli provinces, will receive investments worth 277 million liras, and the Lake Van distribution area will receive investments worth 136 million liras.
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