3/10/2010

45 power plants to be privatized

   

Vatan - Turkey is fast on track in power plant privatizations as the country’s Privatization Administration (OIB) has outlined the portfolio of power grids up for sale. Hamitabat, Soma A-B, Can and Seyitomer power plants will be the first of a batch of 45 plants planned to be privatized. While Hamitabat, Soma A-B, Can and Seyitomer power plants will be offered separately, the remaining 41 thermal and hydropower stations will await investors in groups. The revenue from these privatizations is expected to be USD 10 billion to USD 15 billion.

 

Conferring with domestic and foreign investors on March 8 in Istanbul, the Privatization Administration, the Ministry of Energy and Natural Resources and the Energy Market Regulatory Authority (EMRA) officials discussed the long-awaited privatization portfolio in electricity generation. Having decided to sell Hamitabat, Soma A-B, Can and Seyitomer power plants separately in the first phase, the government is going to hold tenders in nine portfolios to sell the power plants that generate some 16,000 MWs. The 45 power plants belonging to the Elektrik Uretim A.S. (EUAS) constitutes one third of the installed power in Turkey.

 

power plant; privatization; thermal power; hydroelectric power; hamitabat; soma; seyitomer; EUAS

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