Turkey privatizes 37 percent of electricity distribution

Turkey has privatized six electricity distribution companies after it handed over the management of Uludag and Camlibel Electricity Distribution Zones.

Turkey privatizes 37 percent of electricity distribution

 

Turkey has privatized six electricity distribution companies to the private sector after it handed over the management of Uludag and Camlibel Electricity Distribution Zones on Friday.

Turkey's Finance Minister Mehmet Simsek said that 37 percent of Turkey's electricity distribution would have been privatized as Uludag and Camlibel zones were transferred.

"This rate will rise to 76 percent with the enterprises, the transfer process of which continue," Simsek said during a ceremony held in Ankara for the privatization of Uludag and Camlibel zones.

Simsek said the government was planning to complete privatization of remaining electricity distribution companies at the beginning of next year.

The minister said Turkey had provided 10.8 billion USD of income with electricity privatization bids.

Also speaking in the ceremony, the deputy chairman of Turkey's Privatization Administration Board said that the number of electricity distribution companies that had been privatized had reached six with privatization of Uludag and Camlibel zones.
Ahmet Aksu said Uludag Electricity Distribution Corporation had 2.4 million subscribers, and 11 billion kWh of electricity was consumed in that area.

"Camlibel Electricity Distribution Corporation has 700,000 subscribers, and 2.1 billion kWh of electricity is consumed there," Aksu also said.

After the ceremony, Uludag Electricity Distribution Corporation and Camlibel Electricity Distribution Corporation were transferred to Limak, Kolin and Cengiz consortium.

Uludag Electricity Distribution Corporation, serving Bursa, Balikesir, Canakkale and Yalova provinces, were privatized in return for 940 million USD.

Serving Sivas, Tokat and Yozgat provinces, Camlibel Electricity Distribution Corporation was privatized for 258.5 million USD.
 

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Last Mod: 03 Eylül 2010, 15:04
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